RE:Wrong directiontheTransporter wrote: As always, FIRE moves in the wrong direction.
Sector is moving onwards and upwards into green terrority while FIRE just wants to go into red. Endless selling just continues with no end in sight.
Even if Q1 may be good, if it doesn't bring in the buyers, the sellers will dominate and control this stock. Remember, 120 million shares were given for free to DB holders thus endless cheap paper that doesn't care where they sell.
The 116m shares weren't given "for free" to debentures holders. They paid off $63.5m in debt which was cash used by the company to build the existing business. Equity holders came out ahead on that trade as those shares are worth $15.7m right now.