Yeah we're in a good position, I think. This is probably my favourite post of the day, from SillyLung, a Chris Parry special from Stockhouse Bullboard:
A little insight.
I talked to Stadnyk Wednesday. Told him what was keeping share price and market cap down was number of shares out (300k+), and low price keeping institutionals away.
Suggested a rollback would see a short term negative price hit, but leave the company a ton of room to move going forward, a much more attractive share price, tons more volatility.
He said it had been a long debated topic among management, whether to take the short term hit for better positioning for the future, or stay the course and hope for the best.
Glad he made this move. Not a shareholder, but if people are going to start selling below $0.08, I may well start gobbling it up. Market cap for this company is already ridiculously low compared to comparables and this bit of housecleaning is long overdue.
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