Getting broker coverage is *extremely* important. But they typically cover you if there is something in it for them (capital raising fees/underwrite) or the rest of the brokers are covering them (herd mentality).
The other option is a high yield divident - even if they put aside $2M - this results in ~ 12% yeild. Thats enough to get GREAT analyst coverage in all the lists. Then the brokers have no choice but to recomend it.
I don't think giving returns back to shareholders and getting a substancial level of coverage for that price is bad for the company.
I don't see how MQ could block this?
For the work BM does - he does pay himself quite substancially considering the company has locked away quite large losses.
Curious as to how much ppl in here hold of this stock? Is there enough to call an EGM and pass a resolution?
s
Ann: Acquisition Update and Drilling Program , page-17
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