GREY:MRRCF - Post by User
Comment by
truestar2on Sep 11, 2017 3:53pm
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Post# 26681500
RE:RE:Undervalued due to misunderstanding - good buy op
RE:RE:Undervalued due to misunderstanding - good buy opJelaco11 wrote: You must be an idiot to believe there was a misunderstanding. They wanted to cash in on the high value of the IPO price and disclosing this news before then would have meant a lot less $$ for them. A very unethical cheesball move. A material event took place and they should have been upfront and disclosed the potential best/worse case scenarios to investors - it was their duty to do so.
I'm not doubting that it shouldn't have been disclosed, however it definitely has been oversold - losing 2 MLN in revenue is not worth 25MM off the Market Cap - its a buying opp one way or the other