Post by
kidl2 on May 03, 2024 12:58pm
There is a time for breaking rules
As in limiting exposure to any stock; especially microcaps. With XTRA I am breaking this rule simply because the SP action is in no way reflective of the current company developments.
I can think of no other reason for the SP suppression than a takeover in the making.
If anyone has a better explanation, please share.
TIA
Comment by
ramman1 on May 03, 2024 2:34pm
Could it be the ''Phantom Investors'',from 4 years ago that offered $1 /share , when the shares were trading at .67 ??? ---Awful similar situation, that no doubt,long term investors remember. Some even have an average price higher than .67 after 4 years.
Comment by
ronron on May 03, 2024 4:40pm
well if buyers won't come, eventually when the company matures, they could always initiate share buybacks / dividends (like GEO.TO does dividends at a Will have to see if banana prophet is correct with Monday announcements, otherwise I'm chilling and keeping this off my mind until my reminder for July earnings pop up in my calendar