That is a massive cash pile, not being used for any shareholder benefit. The banks would be making more on our funds then we are. If the current Board are not able to manage that cash, someone will work out a way to. And you can guarantee that the retail holders will not get much of a look in.
Is it a signal to the market (by the board) that they no longer want to be seen as a growth stock? Today's reaction would indicate... message received.
If you want to be a blue-chip start with a decent capital management program. Still enough in this to keep me interested but unless there is a looming acquisition that pile needs to be re-deployed for the benefit all holders.
A2M Price at posting:
$5.81 Sentiment: Hold Disclosure: Held
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