As a would be shareholder watching from the sidelines looking for an entry point Mr Hoppers letter makes it very clear that very little is likely to influence the share price within the next 12 months.
$150m in cash so no need to worry about any CR during this period.
Probably not the news long suffering shareholders have been waiting for, I expect the share price will decline to new lows despite the efforts of rampers and non deal roadshows suggesting a cure for cancer is a sure thing and news is imminent.
Will continue to watch with interest, looks like it could take a lot more time than many anticipate. Overall not very positive for shareholders looking for some respite from the continuing decline, makes you wonder why the letter was sent, who needs bad news when good news looks like this.
Ann: Letter to Shareholders, page-44
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Mkt cap ! $342.1M | |||
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