Q: In hindsight do you think the strategic review special committee and board should have sold the company. Apparently everyone thinks highly of Shaun Maine and staying the course.
5i Research Answer:
Yes; if there really were 'multiple interested parties' which facilitated the start of the review, then we are fairly confident that said parties would have paid a higher price than $2.54, perhaps significantly higher (it was much higher when this news came out). Now, the company is in 'show me' mode and it may take a very long time to regain a decent valuation multiple. As they say, one should 'feed the ducks when they are quacking'.