Cash equivalents are NOT the issue here--
How is it possible that XATA have $40M in non current assets, $15M cash on hand, $60M in sales and a horrible, horrible market cap of a pitiful $18M?
Here's a theory: The self serving insiders have all the preferred, dividend paying, voting stock.
The conned non-voting common stock holders are being trashed because their ROI is depressed by the insiders self serving voting preferred stock.
It is amazing that all of this is legal since they publish openly their dastardly ways. They sound like "legal predators" preying on ignorant non-voting, no dividend common stock shareholders.
JMO of course, but a little bit of close reading should give one pause for thought...
XATA's market cap is TOO LOW! WHY?
Because the insiders really, really don't care...
Just askin'
JMO-
WhisperingBomb
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