I think the market would have more confidence if the share price was not being propped up by the Chairman. When was the last time an outsider critically assessed the position and then seriously bought in? Kentgrove were the last and they recently dumped shares at a loss. I think the Chairman looks to protect the value of his investment on paper (and pride/ego) by propping up the share price rather than seeing it as a good deal... but there must be a limit for this activity, even for him... decent profits must be made rather than turnover to be taken seriously in this game. Sadly though xte has overpaid clueless pirates at the helm who seek to fill their own pockets at the expense of shareholders.
XTE Price at posting:
39.5¢ Sentiment: None Disclosure: Held
