stupid directors own.

I dont understand this company. Directors or the company itself own something like 85% of the shares. I think they just sit on it for the dividends. The shares are so cheap, and the company so flush with money, they soon will have enough just to buy the lot back, so why bother listing it on the ASX at all. I thought of listing would be to give a company acess to capital but they just dont need it.

Either that or just pay shareholders ( ie themselves) an enormous dividend. They just have so much money coming in, and the share price hasnt changed from 4 years ago, I just wonder what they plan to do with the listing.