RE:RE:ATH Quarterly ResultsMaxmoe wrote: Show your math BShorn. The share count is up due to the debt refinancing warrants, not insiders rewarding themselves. Start with fully dilated share count instead of issued. There are still warrants outstanding to be exercised. Ive speculated those warrants have essentially been sold into the float already using the warrant/short offset trade. I'll concur that dividends are just plain pointless for a small cap or even mid cap energy producer. The commodity is just too volatile and the shares never seem to be helped by whether they have a dividend or not. Witness the 10% yielders that have not outperformed and the collapse if the dividend is ever cut. Gear should have just ripped off the bandaid and eliminated it and moved to the NCIB model like ath. When you get to cnq size, you can do both.
Thanks for the clarification on sharecounts increasing, it definitely was too much for compensation alone