Just my thoughtsFitzalan and Barley. I don’t completely disagree with your arguments on a smaller roll back,, but I am very much of the, its done now, so lest move forward. My understanding is its a 1- 100 that was voted on by shareholders, so i don't see how they could do anything else, but I am not an expert here and if the comoany has told you fitzalan that is not the case, then I have to respect it.
On liquidity, this company has not had any liquidity for eons, including when it has made good announcements, so I respectuflly disagree here.
The comment about cleaning up the shareholder base, i took from my conversation with the company on the shareholder base being stale (my words not theirs). If I can summarize, for this stock to grow, it needs active participation in the shares, the current shareholder base is uninterested - besides the few on this board of course - as reflected in its market valuation.
I invested in company creating wealth from taking commodities from mining waste water, sounded great, it failed and wasted shareholders money for many different reasons. When this new leadership happened, it sounded interesting and I liked the new strategy "clean water and recurring revenues” I invested further. You are right Barley, i am well under water, but as I mentioned, I can only look at todays price, yesterdays price means absolutely nothing except in history books. The guys have done nothing but impress me over the period of their leadership, so have they suddenly become fools now, I certainly hope not.
I certainly do not wish to lecture anybody on how I see things, but maybe if I explain a little further it will help or maybe we can just agree to disagree, which is of course fine, as we all want the same thing in the end.
So if i imagine BQE continues surprising us with good news, the consolidation goes ahead and there is only 1.2M shares in circulation. I see this company becoming a cash cow very quickly, I know I won’t be selling my shares, I doubt any of the major shareholders who are in favor of this will either, include management in that. So how much treasury do they need in reserve, how much will their paper be worth should they look to merge or acquire something else. Even when I look at a doomsday scenario and it stays down at these levels and never increases in stock price, then what happens with the cash? At some point the major players are going to want their pound of flesh, is that dividends or is it share price, either way, they are here and have supported this company with a thought to the future and belief in this management team, I am happy being along for the ride at 9c, which is less I believe than the value of the losses accumulated handy should there be any M&A thoughts.
Maybe my glasses are rose tinted, but I believe in management, management and management, to date I am impressed by this management team.