I READ THE NEWS BRO.I WAS FURIOUS.THEY SUCKERED HIM IN.HIS A## WAS ITCHING HIM TO GIVE AWAY THE CASH THAT WAS IN THE BANK.NOW WE HAVE NOTHING.WHAT A POS.UNREAL BRO.UNREAL.I AM THINKING TO TAKE IT ZERO BID.AND KEEP IT THERE UNTIL THE END OF TIME. INSTEAD OF BUYING BACK SHARES.HE GAVE IT AWAY.HE WILL NEVER SEE THAT MONEY AGAIN.IMO.ITS GONE. ARREST THE MF.
This is the type of high risk investment that the owners should make with personal funds and not those of us shareholders.
RJDG had a sure investment return by buying and retiring their shares at $.70 on the dollar. That is a 42% return. Maybe low margin private label detergent at Walmart will yield that too but....
This investment also makes the statement that the company generates positive cash flow and can not find a way to either grow its business organically or by engaging in this much discussed growth by acquisition strategy.