Biosyent Inc V.RX

3 Suggestions For The Cash

[overnout]

1. Use it all to buy back shares. (mostly joking)
- this would reduce all outstanding shares to just under 10M and the float to 7M. Large boost to Return on Equity as the cash pays close to zero at today's rates.

2. Acquire an Accretive Business
- I'm sure this is on the radar, but attractive targets are probably not easy to find and would have to be in the cash values present price range as I don't believe Rene likes debt even at these interest rates. (I could be wrong though)

3. Pay a Dividend (my favourite)
- Could be a one time payment (up to $1) which would be fun, but not the most beneficial action. However, an annual dividend at .20c (.05c quarterly) could easily be replaced annually by cashflow and would begin to help the declining return on Equity numbers.

Any other thoughts out there?

overnout

[Torontojay]

I like the dividend idea with some share buy backs will certainly do wonders for the share price. This is the most cash they've had I believe and that introducing a dividend policy is a fantastic idea. 

[theinvestor22]

NCIB's are limited; maximums apply.  I would think NCIBs will continue.  Acquiring a profitable business is possible; the company has been considering alternatives for some time, although these are usually expensive, so nothing has happened to date.  Dividend is unlikely, although I think it would be a good idea.  The good news is that cash is a backstop which can limit

[lscfa]

Lots of unprofitable small cap shell co.s with huge tax loss carryforwards. Buy one or two to shield tax for many years. The idiot mgmt at VCAN are winding down the co. and letting $20 million in tax loss carryforwards go to waste.