RE:RE:Pumpers
Holdrrrr wrote: It has nothing to do with pumpers, %80 of all stocks with any risk at all are completely hammered in this downtown, you must know this. If you want I can name a bunch, but all the charts look the same.
But you are correct, to really turn this boat around we need some big contracts or sales to come through. Or a shift in markets..
The Mellon sales obviously don't help, but it's an undisclosed trust and it will sell if it's 1 cent or $100 the same amount, and it does add pressure regardless. The constant assault by certain posters on every forum adds pressure also. But overall I think it's mostly market sentiment, I mean quick example match up a lspd or nou chart, or any of a hundred others and it lines up perfectly.
It's not a pyr only issue, the decline in share price.
The market sentiment has been generally bullish post pandemic for the last 2 years, while this stock has continued to decline month after month, and reach new lows.
'Fundamentals matter.
'Facts matter.
Declining revenues, lack of profitability, or risks of running out of working capital and liquidity issues are at the root of the decline imo. This compounded by allegations of fraud by Quebec regulators, and ongoing sales by the trust don’t help.
As Benjamin Graham said: in the short term, the market is a voting machine, but in the long range it’s a voting machine.
It turns out, the voting has been against this company, and the scale agrees.