OTCPK:EMMBF - Post by User
Comment by
jammer4444on Jun 05, 2017 2:30pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
139 Views
Post# 26325844
RE:on the bid
RE:on the bidMost longs have an average cost of $1.15 because they participated in the private placement in December (when the share price was $4.60)... I'm not sure why you are happy to buy their shares for a 50% premium, at a time when the shares are trading for 1/3 of the price...
As I explained before, the share price will continue to slide because the industry is over supplied. The shares will get more volatile as it approaches the $1.15 breakeven price of most investors. Around that point, the number of shareholders running for the exit will hit critical mass, and the share price will seem to collapse all at once.
run33 wrote: Feels like theft at these levels but that's what I'm about.
Ive got jammer444 doing the heavy lifting for me, lol.
thanks pal.