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If Parry is such a smart manager (or if he is one period)...

[mmodano]

Hundreds of small investors have lost large amount of money with GRC because of very poor management decisions over the last years (bad investments, lack of control over royalties, huge bonuses when everything is negative, indecent departure compensation packages, huge operating costs that keepcgoing up, losses after losses, dividend increased without logic and then eliminated, etc etc.)

Here's what Parry had to say regarding Q3 results:

"For the fifth time in the last six quarters we generated positive free cash flow in the quarter. The core of the portfolio continues to perform, which together with the cost discipline we've implemented, provide a stable foundation for future growth," said Steve Parry, Chief Executive Officer of Grenville. "At present, the markets are valuing the business at 33% of book value despite the portfolio generating positive free cash flow, the potential for additional contract buyouts and the improved portfolio performance. The pipeline is as strong as it's ever been and we screened more opportunities in the quarter than ever before."

So if he is so smart and basically tells investors that the can't recognize how GRC is undervalued and such a good deal...WHY IS HE NOT BUYING ANY SHARES? I mean if the market is so stupid, we should see huge insiders buying like crazy. Instead, they are trying to market hope each quarter so they can justify their overpaid jobs. And if you have a minute, go read the last 6-7 quarterly reports. They all mention that GRC has a pipeline full of opportunities and that they are 'almost ready to invest in quality companies'... Yet 7 companies stopped paying royalties, because (insery any senseless justification can think of here).

I understand current investors that don't want to sell and are still hoping for a miracle. That is sad but understandable. But allowing new investors to buy GRC shares should be illegal today.