The guys running this company used long deferred salaries to buy stock a few years ago. Since then they have not invested any of their money in the stock even though it trades at 60% of tangible book value. Not a strong endorsement.
Now they talk about dilution from equity used to buy their way to prosperity? Market cap is just over $2 million. The best investment might just be a repo. Bank funding is easily available to buy a dollar's worth of assets for 60 cents.
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