If you take Input at its word......then they just need to find an “appropriate scalable source of capital” for the mortgage stream to truly take off. Of course last year at this time the only thing keeping capital streams from bouncing back was high canola prices that had farmers flush with cash. Now canola prices are at multi year lows and I didn’t read where Doug even mentioned capital streams. You might be right Doug but for right now you seem to be blowing smoke up our collective a$$.
So it was a ho-him report, definitely not robust as Doug described it (refer back to smoke blowing). This is supposed to be the big quarter and it was not. Doug and Brad, I’d suggest you don’t even think about rewarding yourself and others on the BOD with a tenth of what you gave Jamie recently in stock options. If you must give options then set the strike price at $2. And please start doing the little things like communicating a little more. And stop paying that firm in Texas $36,000 per year (I believe that’s the amount) to pump the stock as it’s not working. Chop chop and stop blowing smoke.
My my crystal ball says they will get 1-2 soft ball questions on the conference call tomorrow. Either that or no questions at all, which is probably what Doug and Brad hope.
With all that being said I expect the stock price to be fine. Hopefully we get a favorable result from the appeals court. That will boost the stock.