RE:ugh! what the...
Coolheads, keep your cool and your optomism! And great decsion to ride it out. The recent mini bounces in share price are not representative of true market value.Up 25% down 40% on a couple thousand dollars in sales. Really, on a company with intrinsic value in the 20million dollar range this is laughable. I had a brief conversation today with Robyn and Richard. Aquisitions in this environment is the strategic way forward. Forent has access to capital far beyond what is currently on our balance sheet.Just look at the history of the wise ones at the table. There are a dozen or so opportunities being considered for phase 2. Instead of shaking hands with bankers and brokers our team is doing due diligence. Looking past the stories and looking deep into the facts. ie balance sheets, science, logistics on the ground etc. Many companies in this soft price environment are paying themselve and eating reserves. Forent is looking to be 5 times its size before year end!
The CEE moneys have to go somewhere and soon, this bodes well for Heathdale and Montgomery which represent enormous growth potential even in this price environment.
Riding it out is prudent, buying more is wise, selling well can you say the wheels are comming of your bus :)