Post by
Valueinvestor9 on Aug 10, 2015 6:37pm
How do you sell your position
The issue I see is that there is no real market support. If you are long, how do you sell without taking a serious loss at these levels? No volume/liquidity means that selling is a real challenge.
Whoever is managing the market is not doing their job. Or maybe they know something.... we do not know. Why have all the bids dried up? All good questions when you have a quarter to be announced soon.
Shareholders, ask the questions of management. How are you going to manage the debt in this commodity market.
If you cannot sell your stock in the market, how do you get liquidity. Takeover bid? Unlikely in this market, especially with the debt they are carrying.
Look forward to seeing the Quarterly results. Interesting the CFO quits to go to another job as a comptroller. Hmm how come.