RE:payout ratio is over 100 nowI agree as just check the history of this stock as since inception has been going downhill in terms of stock price and dividend payout,
this stock is worst than a "JUNK BOND STATUS" and best to buy a junk bond in the meantime as you have some sense of what getting into
Target 160 based on a divee cut to 4 cents and then some. Interest rates are hiking and this company took on new debt instrument back in August of last year which caused the stock to plumet from the 3 to 4 $ range.
this one is in trouble and the recent activity is just market stabilization by the company as last day for company buy back was last monday
We need to lobby the government to direct the exchanges not to list stocks that dont have voting rights, this is only way the investor can have confidence in purchasing stock as the investor can vote these characters out and turf on to the street as they are nothing but BUMS
ON TARGET EVERYTIME WITH A BULLSEYE (!)