RE:Does anyone have any ideas?
Songdance ... What did your own Due Diligence indicate to you what you should do? Maybe you can share "your" homework results with the rest of the board and convince some here to follow your logic and conclusions. One thing to watch out for though is the "consolidation" of shares by the management. Unless you have a very good and clear "crystal ball" these "consolidations" and (many times they come out of the thin air - and are given different names and different reasons for issue) will reduce your "net 'holding' value". (It's called "dilutions" [To make this explanation short, it lowers the individual share value.] Why? Because even though this is nearly the only way to raise money needed to pay to run the company [the issue/selling of more companies shares for real money to; pay travel, salaries, office expenses, etc, and to explore and/or buy other property, equipment, rentals, government fees, etc.,] . Training, parties, bonus's of stocks to employees, contractors, and paying some vendor for their services or materials, sure add up - annually - too. So goes "the Cash". But up goes the number of shares of stock. And if the market value of each share goes down, so does the value of the Company. This explanation also covers why we shareholders want/need to be updated often with information from our management as to what the company is doing on the many important issues. Just as the CEO of the company need input from his so call "staff" on a daily basis to be "UP" to date as to what's going on within the company, so do we as share holders, who are the real owners of the company. And, if we don't get the information we need we are just allowing some one else to run our personal financial affairs. And, if the company fails - who fails? You and I as we can lose all what we have invested.