TSXV:EVE.H - Post by User
Comment by
MJVigilanteon May 26, 2020 1:12pm
128 Views
Post# 31073762
RE:Better than the Alternative....
RE:Better than the Alternative....you have extremely difficult time raising funds with a single digit penny stock.
At $1-2$ you should be able to raise considerably more.
Some are pointing to ACB why a negative to reverse split. what a 50% increase within a few days? that really sucked. ah yeah, it was the 40+million $ loss that excited people to raise the price.
i would rather a consolidation than chapter 11. I wish they traded in the 5$ range, then we would see other instuitutions able to purchase that are not able to now because of their bylaws. perhaps recoginize fair value. MC should be about $250M, the capital structure and lack of execution on our contracts (timing sucks) is what is keeping this down. Perhaps we eliminate 1 of the issues with consolidation, Q2 will determine if the shake up of CFO and board helped with the other, otherwise i am afraid it is too late.