Thanks for the response!
I couldn’t agree more that anything management would do at this point would be welcome, and that an early 10K release would be good. In addition, I understand and respect your fortress balance sheet argument. One thing I would point out, though, was that the $5.75 price per share figure was used as this was the price of the stock when negotiations for the Kim Fai acquisition took place (the following is from a 11/12/10 press release):
The $24.0 million purchase price includes: (i) approximately 1.9 million newly issued New Energy common shares (valued at $11.0 million, which is based on a value of $5.75 per share, which reflects the approximate price of the Company's stock when the two parties began negotiating)
So I don’t think that the company originally valued its stock that low, but had to use the figure as a result of timing and market forces.
Let’s hope that the low for the year has already been hit and that the stock will travel up into the price range where it belongs!
