It's a bit like if Billabong did a cleanup [note they didn't] when they were at the depths of despair at 11c. How would those small parcel shareholders that got their $500 cheque feel when the price hit 68c less than a year later and their holding was now worth over $3,000?? yet they were only able to bank the $500 cheque.....
It's the SPEED of the drop here that distiorts the company decision. Plus the potential there with SdV and other assets being essentially valued at $0 in the 'sentiment' current share price.
Scarily, one good company announcement would probably push half those small parcels into 4 figures.
GXY Price at posting:
5.9¢ Sentiment: None Disclosure: Held