RE:RE:RE:RE:CIBC dumping
I agree that their cash burn is a moot point. They'll be able to stay afloat for quite some time with one rig running. Maguire also mentioned that there was improving demand for their mats, and other rental equipment (50%+ margin). Perhaps their ancilliaries will help pad their bottom line so that book can slow its descent.
Notwithstanding, I'm waiting to hear about new stock options and grants; perhaps for their "stellar" performance? lol
As I said, it's time for management to make some sacrifices and take a 10% min paycut.
Furthermore, what exactly are the BOD members doing for the company's shareholders, other than being "pleased to announce a $0.05/sh dividend" every month?