RE:RE:RE:RE:SP Well boys and girls let's be realistic, there are many positives here... but just so there's no confusion and tunnel vision.. here's my take on the less savoury...
Few funds will want to line the pockets of management with their clients money with their egregious 7Million + option/RSU/PSU handout "at the money" on a down dip day at 32 cents. Especially when they've been paying higher for years. At the money options are almost unheard of.
Management over the last 12 months has made numerous questionable statements about the progress and positioning of the company. Trust has greatly eroded. Can be quantified by the 28% vote against CEO at the AGM. At this point he's pissed off Bay Street and he could literally rediscover the internet and few serious players will want anything to do with him.
ANYONE that buys even a single share is staring down the barrel of a loaded gun in the form of a share consolidation that has been an overhang for 3 years. At this point people have to wonder if that's an intentional method to suppress share price.
Even if I exclude all of the above there is still about 5 million dollars with of warrants overhanging at 50 cents.. with trading volumes of 50-100k a day that'll be a road block to get through.
Maybe you're right and the company pulls a rabbit out of a hat for a financing... but the real question is... we are coming into the fall when Covid cases go back up and that's historically where patient enrolment goes to 0 for entire seasons. Even the best case scenario seems to put us at 60% enrolment for mid 2023. What happens to the impatient?
And finally, a macro point, the election in the USA is causing the democrats to pull every lever from dumping oil from the strategic reserves to bring down prices to running up the stock market. When the music stops after November, what will happen to the stock market in Dec/Jan/Feb? If stocks finally do bottom out, what will happen to the share price here. It's very likely we will see cheaper prices in all stocks this winter.
good luck with the trade.
Gorf79 wrote:
Agreed Rev,
The now 36 retailers get it. Some new shareholders may not. Those who are negative and faux nervous don't own shares and are here for more insidious reasons.
The logic is simple.
The inherent greed that drives Spectral is not in its share price today, or really at any point in the past 20 years. The greed is is acquiring shares . Insiders care nothing of the day to day share price. The value of Spectral is in the ultimate selling price of the two divisions, or the whole operation.
The financials mean nothing. Revenues to date mean less, as do year over year numbers.
I'm also with you in that I think/hope the new CFO was hired for his creativity and will find an alternative source of funding that does not further dilute.