CurAegis Technologies Inc (fka CRGS)

[blue heron]

Retained for what exactly?

I do not understand why a company like Torvec would put $50M in the bank and sit on it like a dragon on a pile of gold. It only needs a fraction of that to meet other production demands which would in turn be paid off out of receipts. This is royalty income going to the bottom line; putting most of it out in dividends leaves the company in the same or better shape it was before.
Declaring a dividend rewards shareholders, brings in more, gets wider attention as the deal is with a large company, and pushes up the stock price, which in turn facilitates new funding if ever needed.
So why on earth sit on $50M instead of making some use of it?
Someone educate me on this.