CT, the current management showed their hand when they did the...

CT, the current management showed their hand when they did the recent merger (can't remember who it was, I bailed out soon after the announcement). Don't expect them to change.

They had 10c/share backing when the share price was trading at 12c -- to increase shareholder wealth back then the answer was obvious, to buy back your own shares. But instead they decided to go on some empire building to boost their own ego (look up agency theory) That increased the company's risk, and effectively removed the floor from the share price to the situation you've got now.