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Re: WithCatz post# 391209

Wednesday, 11/06/2013 3:54:33 PM

Wednesday, November 06, 2013 3:54:33 PM

Post# of 735990
'The NOLs are restricted for the first 2 years. This limits what the BoD can do.'

I always thought that although they couldn't do a merger before the 2-years, they could do an acquisition. In any case, the BOD appears to have NOT been honest with us when they said they were reviewing merger candidates diligently at the time of the last shareholders meeting, conveying the idea that their intent was more immediate in nature, when in reality there was no possibility of a merger at that time.
Aren't we really at about 'book value' right now and there really was nothing accomplished by the company to get us to the 1.00 level? IMO they could certainly have done more to improve the PPS since 'IPO' time. I was fortunate to load up at .45, but in reality the stock never should have been that low IMO. In any case, I feel they are not aggressive about the PPS and unless the hedge funds flipped at 1.42 these funds are not that far from they approximately .72 they got in at. But their motives are beyond me. Unfortunately, I couldn't take the chance to flip at 1.42 and naturally we are at 1.03 now on this fine DOW day.
I guess I just have to try and be optimistic until the 2 years are up in the Spring.
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