RE:Whats going on ?Hi FLG,
None of the insiders will even contemplate buying a single share until Honderich is either removed or neutralized. They don't believe anything remotely positive will happen with the business or the share value as long as he continues to meddle and obstruct. Unfortunately, Honderich is the key to unlocking the share value and he will desperately cling to power until he is forced out.
The suspension of the dividend is bad in the short-term for shareholders and the share price. However, if it expedites the removal of Honderich it is an investment we should be all glad to make. This ratchets up the pressure on him and he has never pulled a rabbit out of his hat in his entire career.
This company holds considerable unrealized value. It is not being recognized because confidence in the business has been shredded by successive screw-ups and the fact that no one is ever held accountable.
I maintain Honderich will eventually be shown the door and the true value will be realized by those who had the patience to wait him out. I do not believe there are any undisclosed financial obligations weighing down the share value.
MW