its only worth more than cash if there is growth or margin in the business. If there is growth and margin, then the sky is the limit. Right now, the business is shrinking and the margin is negative eating into the cash. It's like when you spend more than you make and what you spend isn't going to help to make more money before your your bank balance goes to zero.
It's not like the business is turning around. Metrics for every quarter is getting worse and worse. I would say: "Save the travel expenses - stay in the office and fix the company." Of course, executives tend to want to be in the public eye more when they are looking for a new job so maybe there's a silver lining here.
Amazing that a shareholder meeting hasn't been scheduled yet. Their investor page just got redone with pretty graphics and a whole spiel around corporate governance and ethics - but they are avoiding facing the shareholders who are the people that owns the company - not the board and not the management team