Post by
jethro549 on Jun 01, 2023 11:07am
Yes, this halt sucks.
I hate this halt as much as anyone and I am clearly bullish on the company long term. The fact is 2022 was a horrific year for all stocks big and small. The microcaps took the worst beating. These Financials are the last hurdle of a very bad year so it's taking some time to complete. Wisilica being removed is another hurdle and paying off debt is another. I personally invest knowing there is risk, some uncertainty with things, a lack of transparency in microcaps that is not seen with larger cap companies. The conversations I've had give me confidence that things will improve rapidly once these hurdles are behind us, so my personal timeline is long-term. The company doesn't have a massive team of accountants and on site auditors etc. They have to rely on outside sources so delays are often beyond thier control. I believe things will improve in the fall for all small cap companies after a few more unstable months driven by the macro economic picture, recession fears, the war, inflation etc.. ShiftCarbon will do well in the long term. The current optics are terrible. The bashers have valid points about financial woes of the company. Microcaps survive by raising capital, they all do, so the hope is that they will release enough material news that the share price will get re-rated much higher and the debt can be settled with shares. The bashers assume that won't happen, the bulls know that it eventually will. GLTA