I'm well aware of perception and the market would not see it as a positive if the dividend was canceled at all. It would be perceived as a (further) sign of weakness.
So long as that dividend is being paid, you'll have certain mutual funds that will be shareholders, you also have people on fixed incomes who will be shareholders. You eliminate the dividend and immediately those long-term shareholders exit. That's not about perception, it is reality.
In the mean time, while the dividend is in place, it provides a floor under the shares. You have people here pulling ridiculous numbers out of their butts (as expected from bot_feeder - I've also seen ridiculous visions from him on other stocks/companies) saying they'll buy at $4 or $5 a share. If you have a 32 cent dividend out there, in a zero/low interest rate environment, do you seriously think a tech company carrying no debt, BV of over $7.25/share and over $3.25/share cash is going to trade with a 6.5% to 8% dividend? Hey, anything is possible, but it's not highly likely. That's reality.
For me, I'll take the dividend, along with the fortress balance sheet, a CEO who is clearly stirring things up, and slowly acquire (more) shares. The dividend will keep me (and others like me) happy.
So, for you, bot_feeder, and others like you, you can wait for the dividend to be canceled or $4-$5/share, but in all likelihood, as a result, you'll never own shares. Again, that's reality.
Good luck to you.
disagree - eliminating the dividend would absolutely not help the share price. what in the world makes you think that? if anything, the dividend is providing a floor.
the company is sitting on well over $3/share in cash, the dividend is a small fraction.
You'll be paid to wait and be patient.
Take it while it's being offered to you. If the shares go lower, then buy more.
Share weakness is because of the talking heads scaring the sheep that the crash of the century is coming and they have Average Joe afraid of his own shadow.
"At least Abbas bought some shares (but not many) earlier this year, so he's got a little skin in the game here as well"
Abbas currently owns almost 900,000 shares - I'd say that's having a bit of skin in the game.
They won't give a new release date until the audit is completed.
As much as the delay is disturbing, I have complete trust in Abbas and company.
"The company is working diligently to complete the audit, and once the audit is completed, Iteris will announce a new scheduled date for its conference call to discuss its fourth quarter and full year 2014 results."
as we see, the market can become extremely irrational. I'm continuing to buy more shares slowly.
company cannot buy back shares at this time because it is after end of quarter and earnings have (still) not been released.
at this rate, they may as well release the year end results along with Q1 together.
Patient long time ULBI investors know how to play this.
Earnings coming in 4 weeks (wink, wink)
Company buyback is out there, however, since we are in the period between end of quarter and the earnings announcement, they won't be buying shares at this time. So, if there's rampant irrationality, the shares could fall a bit from here.
could it be more obvious? look at the trades at $5.10 - timestamps exactly 5 minutes apart? could someone even do that manually - exactly at 5 minute intervals?
fine by me - I'll take more shares below $5.00 - I have time.
$4.83 ... 200 ... EDGX ... 13:49:50
$4.90 ... 200 ... NSD ... 13:45:03
$5.10 ... 151 ... ARCA ... 13:40:14
$5.10 ... 200 ... ARCA ... 13:35:26
$5.10 ... 200 ... ARCA ... 13:30:37
$5.10 ... 200 ... ARCA ... 13:25:46
$5.10 ... 100 ... ARCA ... 13:20:54
$5.10 ... 100 ... ARCA ... 13:20:54
$5.10 ... 200 ... ARCA ... 13:16:01
$5.10 ... 100 ... ARCA ... 13:11:06
$5.10 ... 100 ... NSD ... 13:11:06
$5.10 ... 100 ... ARCA ... 13:06:09
$5.10 ... 100 ... NSD ... 13:06:09
$5.10 ... 100 ... ARCA ... 13:01:09
$5.10 ... 100 ... NSD ... 13:01:09
$5.10 ... 100 ... ARCA ... 12:56:09
$5.10 ... 100 ... NSD ... 12:56:09
$5.10 ... 100 ... ARCA ... 12:51:09
$5.10 ... 100 ... NSD ... 12:51:09
$5.10 ... 100 ... NDD ... 12:46:09
$5.10 ... 49 ... NSD ... 12:46:09
$5.10 ... 51 ... NSD ... 12:46:09
You are being given a rare opportunity to acquire shares of RIVR that will pay you 4.25% on your purchase today, and additionally see an appreciation of 20% to 40% in the next 6 to 12 months.
I've seen similar happen with a below market priced share offering like this. It really stinks if you were holding prior to it, but BDGE did the same thing a short while ago. Insiders took the shares, and they quickly rebounded afterwards. You can see the Form 4 filings by insiders this afternoon taking shares.
The dividend is very secure - it was just raised.
Buy some shares now, if they happen to go lower then buy more. Again - it is a rare opportunity and the shares will likely rebound back to 52-week highs by year end.
however, then I hope you sold your ISNS and will not look back...too many problems, non-existent profit, will need new financing soon.
I think the 2.5 million shares were put to Dutchess and they turned around and immediately sold into the market.
another 300,000 share block was traded today.
Maybe Dutchess is selling off what was previously put to them under the last agreement?
Whatever, it would be nice to get some clarification on it.