You paint a dire picture...
However, I think you left out a few things. Those holding the shares @$1.00 probably sold them and captured a large tax loss. Buying back after the wash sale date, put them back in business. Secondly the sector factor is weighing heavily on the SP and I think just a return to "normality" there, puts those shareholders back in the black. So I do not think they are too much behind most of the investors. Certainly everyone who has been diligent is probably green at $0.60. As soon as this first bunch of warrants expire we should move well above that by late September, maybe even before over the summer.
There are two schools of thought. One is to push the stock and sell the company ASAP. The other is just to ignore interim, a very long interim, and grow the company feeling that eventually fundamental value and growth will win out. This is the position of management and the BOD at this time. They are busy working on the current five year plan, and not at all dismayed by the current status of things.
My guess is that you will see a little of both worlds. The share price rising in the fall to about $1.25 or so allowing most of the posters here to sell and take their long awaited profit. And the investors riding the upswing after the warrants expire and the company grows to its potential over the next few years.
Probably time to have our annual discussion about the effect on PTQ of the PDI spin out. I suggested to management that they quit putting years in the presentation and just use the seasons so that the document will be relevant every year. (Spin out set in the fall, meeting for vote in winter, spin out in spring before end of fiscal year.)
Word from PDAC is that some more large investors will come on board slowly over the next six months. These are the guys worth having as investors in the company.
AI
