Post by
shenty46 on May 28, 2022 1:53pm
There is something fishy
There is something fishy, why would a company who is on the verge of a turnaround, with positive cash flow expected in next few quarters, and has no debt payment coming in the near future, and who already has a large cash lying in the bank, would go for further dilution and amass further cash, taking their cash position to almost half a billion canadian dollars. Just dont understand the logic, i think the jerk reaction is overly done, as the stock is now trading around 35-40 percent lower than they sold few days back.
Comment by
Joe455 on May 28, 2022 1:56pm
Why did it tank yesterday? Could the bought deal have fallen apart?
Comment by
Rotaluceps on May 28, 2022 2:48pm
You have to be kidding. Fiscal Year ends in Jun CAD in Millions except per share data Jun 21 Jun 20 Jun 19 Jun 18 Jun 17 Operating Cash Flow -210.58 -342.14 -192.25 -81.67 -13.38