"The majority of our investments are usually in companies which themselves have net cash. This helps us sleep at night..." - well that says a lot as to why they may have picked up on this one. Also looking at potential capital gains tax benefits if sell at a profit I assume - so a 20% gain which could be easy pickings. But with no dividends you are relying on capital gains or long term hold here (and from what I can see if they can achieve the gains given the uncertainty of the pipeline then may be worth a short term punt?) - i wonder if they look at this as a LT hold or potential short term capital gain?. ATM stock illiquidity could be an issue if want to sell a large parcel out (as the last substantial SH found).
but my concern is management !!! can't see why SP would increase other than for the interest shown by this new SH because nothing been released to make one jump up to take notice. all IMO so form your own opinions.
ACR Price at posting:
19.0¢ Sentiment: None Disclosure: Held
