Oh, I see. Your initial post was in no way Black & White in the...

Oh, I see. Your initial post was in no way Black & White in the first instance so don't start getting smart with me mate.

Not that uncommon in todays market to be valued less than your cash position. Although, I reckon they will probably drop at least another $1.6M this qtr too and cash will be closer to $5M at end of December.

Knowing this board they will probably also reward themselves with big fat xmas bonues for all their "hard work".

Just look at the $200K termination payment they gave to an un-named director last qtr, they throw money around like they have an endless supply of it, always have, always will.