Also, what purpose has it served for this stock to be listed on the NYSE? Institutional ownership is a paltry 1.3%...mostly index funds.
Owning just 500 shares would put you right up there with the last of the listed largest mutual fund owners.
Has it been worth the fees involved (which could be in the tens, if not hundreds, of thousands of dollars per year)?
Somehow I don't think their cost of capital has been reduced because of it, especially since most of their transactions are incestuous in nature..."at rates just as good as we could have gotten anywhere"...OK, I'd prefer anywhere...anywhere else!
I'd really like to see more arms-length transactions from these people...whoever they are...at the moment...before they resign.
Just how have we, as shareholders, benefitted from being NYSE listed, anyhow?