07-03-2018, 09:10 PM
I don't think it is wise of Quarz to try to squeeze cash out of a struggling business. Dividends should be distributed from a position of strength. If core operations worsen, this will negatively impact its liquidity and lead to an accelerated decline. It is not as though CSE has lots of cash lying around.
Unless Quarz is ready to take over the managing of CSE, which is not in a great situation, it should sit on its hands. Or look for a buyer of its large block.
It appears that Quarz is anxious about the huge position it has taken for itself and its associates.
Unless Quarz is ready to take over the managing of CSE, which is not in a great situation, it should sit on its hands. Or look for a buyer of its large block.
It appears that Quarz is anxious about the huge position it has taken for itself and its associates.