Thank you very much mwn,
Why? Possibly misaligned incentives with us minority shareholders. To play devil's advocate on my own thesis:
- They already receive a substantial annual "dividend" from the 6% sale's royalty and rental of premises (over US$ 2 million).
- Kostecki management 6 figure salaries.
Having said the above. I believe the bigger and more rational incentive for the Kostecki's is/would be increasing the market price of the company for ALL shareholders. I think medium/long term, if management continues to "consolidate" their inter related business, as they stated when they purchased Matrix Metals, or/and they continue to do friendly shareholder action, like the recent buyback, this will happen.
All the best!