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Gencor Industries Inc. Message Board

  • beanbean714 beanbean714 Sep 12, 2007 10:15 PM Flag

    oil price spike

    does not bode well here but what the crooks at the top (Elliots) decide to do with the cash is more important.1.rip off the common shareholder 2.pay out the cash as a special dividend.3. Attempt to list the company on the Nasdaq exchange,pay 10 cents a quarter dividend and buy add on companies with some of the cash 4.sell the company and retire.

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    • The oil price spike is clearly a negative for the company. I agree that what management does with the cash will determine how this company is valued.

      I would be surprised with a one time dividend or to see the company listed on the NASDAQ. One gets rid of the cash management desires and the other brings more attention to them.

      A sale would be great. Right now it is hard to see managements end game. Personally I expect some fireworks in the next 12 months.

    • Bean, why do you own a stock where you don't trust management? If you think they are crooks why don't you sell? I believe that they will do something with the cash, as they are the largest holders of the stock.

      I do agree that the future credits will be significantly reduced.

 
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