ConsolidationGuys,
Obviously everybpody is entitled to thier own thoughts on the roll back. I have put forth some of my own before, after talking to the company before the AGM.
This was voted for at the AGM and I understand not a single shareholder turned up to object, so I do find these comments rather disheartening, but that’s what forums are about I suppose. As the shareholders who did attend the AGM voted for it, I believe it's done deal and therefore all that is to happen now is when will it happen. These guys are doing an amazing job, I for one could not be happier with managements strategy and implementation of stated strategy. We are at break even on a cash basis alone and we have zero debt. We have a company that is building recurring revenues when they are on the cusp of being profitable, it doesn’t take a lot to understand how any new recurring revenues will benefit that bottom line. I love that all senior management have spent their own money on buying shares, aligning their aims with ours.
In my humble opinion, the time for bombarding the guys with negativity has passed, it's time to support them in anyway we can, to show them that we are supportive shareholders.
With respect to one and all. I purchased my first shares at well north of $1 and my average is substantially above todays levels, but todays levels is where its at, I have no illusions about it. My belief in this team/strategy is I believe shares can go up from todays price. I cannot ask them to get me to four dollars or even one dollar, i can hope they do, but that is an unreasonable ask, although I have no doubt they would love to get us there. I look at my investments at the value its at and make my judgement to buy, sell or hold at whatever that price may be. i completely understand many of us on this bulletin board have been shareholders a long time, but isn’t todays price where our judgements come from, does what it was valued at over a decade ago have any relevance for the future, beyond our own losses.
This roll back will clean up the shareholder base to interested players, it certainly won't hurt liquidity as there hasn’t been any, even with the amazingly good announcements out lately, share volume is still anemic.
While I have no wish to upset anybody, we all have to be realistic, the roll back has been voted on, now the only decision is, do you buy, sell or hold.