Z C L Composites Inc ZCLCF

RE:Back In

[McRambus]

retiredcf wrote: Got out near the end of the year because the stock was looking a bit vulnerable. However, with a solid dividend, another special dividend coming end month, decent targets (eg. Raymond James at $13.50) and with the SP sitting at a 52 week low, it was too tempting so I'm back in. GLTA

Is anyone here not worried they are draining the last remaining cash of the company to fund a special dividend? Paying 53.5 cents in dividends over 30 million shares is $18 million dollars. Wipes out all the cash currently on the balance sheet. This makes absolutely no sense and seems like management and large shareholders pulling millions out of the till. Furthermore, the buybacks @ $11 and $12 the past year look even more foolish now that the shares are undr $10.