Red, ask some of the Jordanfund guys because I heard Nisse was offered another position on a board for another company, but was not allowed to be on the board of a U.S. company simultaneously. Regardless of that excuse, I obviously believe he was also sick of angry shareholder emails and ultimately Solomon, which probably made it an easy decision.
I still believe it comes down to the cash dividend, which is being made possible due to the bottoming and slight turn around in earnings. They've finally gotten cap-ex under control and starting leasing assets etc. CA was actually making better money again last quarter as well. The Tri-way trade division has apparently started as well; Hopefully we can get an update on the CC. Obviously, any loans will increase growth prospects as well.
And like I said before, every day they continue to remain halted on dilution like we've been seeing for over a month now, the greater the chances become on following through on the cash dividend, since the dilution ending coincides with the timing of their guidance they provided. Once the cash dividends are being paid, focus will finally be brought to earnings growth and valuation etc. as opposed to "is this a fraud or not". Once we get to that point, even low valuations for a slow growth company will be many multiples higher than current prices. Simple as that.
