I will make only 1 comment on Jason's post....the cash component of the Co. is about 12c (not 8c) and NAV about 13c. Suggest Jason get a new calculator.

The rest of the issues are all 'Water under the bridge'.

I am also doubtful that it is good to pay too much out of the coffers unless for these assumptions:

1. The company business slows with no potential projects coming and in the best interests of all, try to pay out as much as possible, which if Jason is right, amounts to 50% of its cash in the bank.  This helps clear idle cash instead of keeping it for no good reason.

2. Reducing the net asset of the company is better than staying at the current level.  So pay out the more the better.

For those buying now to get the dividends, it might not be a good move because the XD will bring the share down to 8 cents.

For those investing long term, it is a good blessing to get back some money.

Not a call to buy or sell.

BTW .. where did u get that infor on the founder selling at 20c.?

for the director soh....he sold 16m, clearly meant to be transfer via open market to buyer..I mean, where got director so "smart" enough to sell so cheap and so much when results and dividend so good.

The Edge reported it like he was founder of coy. LOL when he is just a ops manager that happen to be a director..... most of the key heavy ops guys left after sale of arrow biz. Soh is the only one left if u look at past annual reports.

Anyway, if someone PMs me here for a chat.. more than happy to offload my stake,, :)))

you nailed it... 787180.

this is the mother of them RTOs..... 500m outstanding share cap.

huge cashpile.. not surprise if anothe round of vdividend of cap reduction of 3-4c  in the 2nd quarter results to deplete the funds