OTCPK:PILBF - Post by User
Comment by
seatleslimon Jul 13, 2017 10:29am
113 Views
Post# 26464443
RE:RE:RE:Seems to be getting better
RE:RE:RE:Seems to be getting betterAnd maybe there won't be any interest until the next quarry shuts down. I agree that the asset is better suited to one of the large companies consolidating their market positions in sf or la. It's a sub 100million market cap. It is a sub 500million value as a single asset.
I just dont don't want to see this thing sold at a fraction of mature value because some shareholders are annoyed. Ideally somebody would accumulate 15% of this in the market, ask for a couple of board seats and get rid of what is obviously some dead wood on the BOD.
For now, I can't prove that current management is doing everything it ought to be doing. A large responsible/engaged owner/shareholder is what this really needs. Presently there isn't one.
but I agree that at some point the pressure to sell it could out weigh the objectives I list. Finally any board member that today believes what the company is saying and owns less than $250,000 in stock (I admit that is a very low bar) ought to resign. I think that amounts to all but one of them.