RE:RE:Not looking great.I agree w/both of your assessments.
Unfortunately for shareholders, I feel the company is still way overvalued. Its true book is around $0.20/sh. That is, removing the intagibles (worth NIL) and most of the inventory (which they will write-off eventually). A low BV is fine for a software company however, such a low BV for a hardware company, which has a lot of its equity in raw materials and finished product, isn't too propitious.
As JT mentioned, consolidation is the natural progression for AgJunction. A 1-10 RS will yield a ~13MM share count (fully-diluted), more appropriate for this size of company. Of course, when announced, the stock should (and probably will) decline further - perhaps to that $0.20 mark pre-RS.
If the Ag market is expected to remain soft for the foreseeable future, then shareholders are looking at not only a non-performing investment, but additonal losses for sometime to come.
Presently, there is little to catalyze AgJunction. Commiserate well gentlemen.
JJ