GREY:FNKLF - Post by User
Comment by
mcuglyon Mar 13, 2015 11:09am
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Post# 23518085
RE:sell
RE:sellHow do you figure that it is going to 0 After consolidation it should still have a market cap of approx $6,000,000. Depending on the number of shares outstanding it could have a share price of anywhere between $2.50 and $5.00. If the price of nickel improves as it should they should be able to be operationally profitable by 4th quarter. They may be down but at least they are not out. They have until Dec 2016 to right the ship. I believe that the major shareholders have confidence in them, otherwise they wouldnèt have agreed to the debt restructuring. They simply would have called in the loan and forced bankruptcy, which would not have been in anyoneès interest.
JMHO
McUgly