rajen, you really need to get on the blower to todd rather than speculate and go off hearsay... if you think the other directors are allowing todd to go and spend heaps on racecars etc, you're misinformed. directors need to be accountable, i hardly think ewan and co aren't being that, just to have todd in a v8 car. he's been involved in racecars for a hell of a long time.... how do you think STL gets the very profitable gigs at some of the events.... it's through todd's long history and connection. but, it doesn't mean the company is forking out heaps of money for it.
remember, there will also be certain things in play that were in existence before todd and his company merged with a asx listed company...
the dividend, well, they overshot the mark on completing the very lucrative indue acquisition by five months...which they had no doubt banked on.....hardly a big surprise for them to put it on the back burner for time being...
unfortunately i think while the share price is weak and not enjoyable for anyone (other than new buyers) that you're reading too much into others speculation....
and if you don't believe or trust todd for whatever reason, call ewan.
STL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held