I blame our current stagnation mainly on the warrants. They have been granted at too good terms to the financiers. This has caused many to sell the shares and replace with the warrants. I will probably do so also but only if the warrants drop to a lower percentage relative to the shares.

I do not blame the management too much because they needed the cash to buy back the mill. The second mill is a big plus and I hope will compensate for the devaluation of the shares once it is in production in the near future .