Yes, I would have to agree. Very worrying that they have spent $471,000 reviewing about 5 options over one quarter. At that rate there will be nothing left to pay for anything in the unlikely event that they do find something. Surely there could have been a bit more effort made in the quarterly report giving us some idea what projects they looked at. It was just a rehash of the last quarterly...and obviously not much effort put into it. I have to admit that I was impressed initially with the credentials of the new board, but have been very dismayed that they have not been able to come up with a decent proposition in this time. The 6 months is almost up.
GGY Price at posting:
5.5¢ Sentiment: None Disclosure: Held