probably worth reflecting on where we are currently... on the...

probably worth reflecting on where we are currently...
on the positive side....
MC of 4.7M with cash and shares around 3M.
Directors hold and have been adding. They also have performance shares at a minimum 2c starting price.
Xcel were granted unlisted options for services, marketing etc. Worth noting here that they get nothing until the price hits 2c, and even then, they have to be exercised before they are tradeable, so, no free ride here.
After speaking with a director months ago, and i have mentioned this before.....it was made abundantly clear that the board are conscious of the need for "redemption", by bringing in an advanced project. This has been alluded to in the recent quarterly.

On the negative side.....
   I do agree that the silence from the board is deafening. However, i believe that nothing has changed fundamentally. Management bashing is simply unproductive, and achieves nothing, but i do agree the time taken to source a deal is stretching out, and the board could possibly show better communication with shareholders. However, i dont want to see it move to a twitter scenario where directors post with images of plane tickets and coffee cups.
Shareholder sentiment is low, with the price deteriorating, further exasperating the position of holders, with very few being in a position of being in the green.....however, the directors are in the same position with their holdings. The price has also been under pressure from larger holders wanting an exit, though, this has also seen an entry of new blood.
As far as a deal goes......there are lots of projects out there, and those projects can be classed as junk too, with vendors having unrealistic expectations. No doubt, the delay here is due to having to sort the wheat from the chaff. Its pointless bringing in a dodgy project in order to satisfy holders if it means paying too much for a project that doesnt stack up. Again, following the recent fails, the board knows it has to get it right, it is in everyones interest to do so.
Many of us will get impatient, and fold...
Many will simply whine and moan, and blame someone else
Others will take the opportunity to move in at current lows
I can see both sides of the argument, but, i can also see the fundamentals of being here, despite being in the red. Hopefully, things will turn around, and, the board can shine some light on things as best they can..... its also important to understand, that they simply can't divulge every move, for various reasons....confidentiality, asx compliance etc etc