OTCPK:EUCTF - Post by User
Comment by
xsnrgon Aug 29, 2016 12:08pm
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Post# 25187143
RE:RE:It is still cheap
RE:RE:It is still cheapRingert wrote: At the moment there is no incentive whatsoever to buy EUO. Reading today's information, any potential that might be there won't materialize before 2017. We'll likely drift lower and lower for the rest of the year seeing as their burn rate is rather high and there are no immediate catalyzers to be expected.
Fair statement I trimmed my position here from about 1M to 300k over the past few months. Was hoping to buy back my original position but this doesn't make me rush to do so. If anything I might continue to trim and jump on a faster speedboat for the next few months. I don't mind being patient but these guys are so arrogant they don't even put an effort to the MD&A to attract/retain investors. I almost think they want to push us away and make this takeover even easier for SICPA. Just my opinion of course.