$33 million cash in the bank, zero debt, and in Q1 cash flow positive to the tune of $2.9 million.
The CEO has signalled he thinks the company is undervalued.
GSS could pay a dividend of 1 cps twice yearly at a cost of about $2.9 million per year or half a cent at a cost of $1.4 million.
The Board should be proactive, not passive, and use its strong balance sheet to the advantage of shareholders. It would also back up in actions the confidence that it routinely expresses in words.
It would still retain more than sufficient funds for investment in growth.
A little bit more financial acumen is in order and attention to shareholders. The balance sheet should be made to work harder.
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