OTCPK:TNGZF - Post by User
Post by
mmodanoon Oct 19, 2016 7:03am
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Post# 25359389
It's a shock to many of us but...
It's a shock to many of us but......it was definitely needed.
GRC had a good business model however they took (very) questionnable decisions in the past regarding too many thinks the initial dividend level, the unjustifyable dividend increase to 0.05, the lie about not cuting the dividend after Q2 and the cutting it, the completly unjustifyable previous bonuses granted to the management, some questionable investment decision, etc.
To me, with the board change and this announcement regarding the dividend and the new strategy fir investments, GRC quickly moved from being a stinker on too many levels to an interesting company, lean and flexible. With more than 150k shares (including 50k bought at 0.76 before the Q2 release...), I intend to keep them, wait for positive news regarding new investments and positive cash flow in Q4 and double or even triple my position in GRC after.
Collecting 0.00$ every month is not positive short term but I guess it was a choice of getting 0.04$ every month until GRC' bankruptcy in late 2017 or to be without dividend for two yeard, getting back on track with a team we can finally trust, be profitable again and (my prediction) receiving a new 3% dividend (0.02$/0.60$SP) with regular increases in the future starting in Q1 2018.
Overall, a very positive and needed change for GRC in my view.