I guess you can keep hoping, but MGX have shown very clearly...

I guess you can keep hoping, but MGX have shown very clearly that they are no closer to using their cash reserves wisely than they were two years ago. In that case, the prudent thing to do with the cash is to return it, or at least some of it, to the shareholders.

Dividends are best kept by companies who can do something more valued with the money than shareholders. MGX's SP is subdued (well, below their cash backing) because they are proving to be neither decisive nor prudent. I want MGX to prove me wrong, but haven't seen anything yet and, I'm betting, will unlikely see anything soon.