Seems it is time for the management to think of their shareholders . A share buyback is in order. The stock is down from 38 to 28. If there is indeed "value" in the shares, then a buyback would have been the better alternative than the issuance of warrants.
"...a buyback would have been the better alternative than the issuance of warrants."
Aren't a buyback and an issuance of warrants two different animals?
Buyback would take cash; issuance of warrants = non event unless the warrants are exercised
If exercised, more shares are would be outstanding while the company gets some cash.
This company has always been just the private fiefdom of the Board of Directors. A LESS shareholder friendly company might not exist. Unless and until an activist shareholder steps in and shakes up this good 'ol boys club, any intrinsic value will never be realized. Having watched this company for DECADES, it never changes. In fact, it should never have been a public company. Don't hold your breath for any changes in the future.