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Gold/Mining/Energy : Canadian Microcaps -- Ignore unavailable to you. Want to Upgrade?

To: Dick Martin who wrote (762)	4/16/2013 3:14:37 PM
From: jim heger	Read Replies (1) \| Respond to of 817

You're absolutely correct about Vecima's asset value. CEO Kumar noted at the last CC that non core assets plus cash was approaching market cap. To create interest in the stock he paid a $1/shr dividend, but that still leaves about $20 million cash plus the marketable, non core assets (real estate and spectrum license). Growth of revenue, however, has not been fast enough to attract attention. I've been in this one a long time & I think that until the company gets rev. back to $30mm/qtr the stock will languish. One other possibility, though, is initiating a regular dividend ($0.05/qtr, for example) which could give impetus to the stock price. That may actually be a realistic prospect, given the cash position & Kumar's statements in this regard. It would be a nice surprise to hear him announce a dividend with the May earnings.