Jul. 29 at 4:01 PM
$MIND At
$4.90 the MC is around
$45 m. After Q1 they had stockholders' equity at
$42 m (working capital
$38 m). In addition to that, they have tax deductions and
$5 m property. If we really have "cash flow positive FY27" then I would tie the managements' compensation solely to the development of earnings and stock price and would buy the own stock . Both the shareholders and the management would win big if they succeed. I start to think that our goals are not aligned. If the next quarter is bad, they could easily buy now for
$5 m and after the Q another
$5 m.
