they flagged a drop in board costs in the accompanying report....

they flagged a drop in board costs in the accompanying report. My guess is Darren and Gerard are taking one for the team.

Sure stuff can go wrong, but there is no reward without risk. Seems patently obvious, but seems to be ignored, but risk is a LOT lower when prices have dropped >30% off their highs than when they were at multi-year highs.

This will take an age to wake up, if things start to turn the corner, there are a multitude of other beaten down stocks that will rise first. In my experience it’s hard getting hold
of any debt position at very low prices in illiquid microcaps, so when the opportunity arises you’ve got to take it if you actually believe in the company.