Why did we only receive $8,000.00 interest on the cash?
With interest rates increasing we could get over 4% on $20,000,000 which could get $200,000 a quarter.
The other $10.000,000 could be used for expenses.
The interest could be used for a small Buy Back , now the Oil price is over US$85 it would be easy for Management to start the Buy Back.
A Buy Back would help Shareholders and could help the share price.
It is hard to understand we borrow at approx 25% interest rate and loan Management over $1,000,000 at 3% which they do not have to pay if the share price is low in 2 years time.
Why did we only receive $8,000.00 interest on the cash? With...
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