Re: As ronran said this AM--"this is sad and undeserved" SLK..
posted on
Oct 30, 2006 09:22AM
Ba,
What pile of cash??? The BOD gave out $25M in dividends as if we had hundreds of millions in the bank when they knew they needed the cash to diversify revenue streams. They are buying back stock, warrants, options expensing, paying expenses for TPL, and paying off B&O. We currently do not have a pile of cash and I'm not too thrilled with some of the ways our company is spending it. I would much rather have them collect as much cash as possible and being stingy so when an opportunity does come about we are able to take advantage of it. Cash makes a BS look strong and attracts prospective investors.
As always waiting to see results from management and the BOD.
dot