The Facts....
Poydras Gaming Finance Corp closed sharply lower Friday, dropping $0.06 or 11.54% . Over the last five days shares have lost 8.00% and are down 25.81 % for the last year to date. This security has underperformed the S&P TSX by 25.60 % during the last year.
Further Poydras has a net profit margin of -51.50 %. Besides being negative it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit.
Net income declined year over year last quarter from a gain of $0.01 to a loss of %0.03....
So Ifsca the writing is on the wall, hence the second reverse split....Not a good sign in my books.