RE: RE: RE: RE: RE: Tam to be taken private?Yes, I have bought alot of shares of really cheap Mercator lately
Doesn't take much when they are $0.40 and in the "98% off" bargain bin, lol. But didn't you tell us you bought at $10, at $8, at $4 and that you were gonna "load up" at $2? All within the last 6 months? Talk about spectacularly inopportune buys...
As for ML at $0.40 being "cheap", are they really? Isn't the worry about ML that they are about run out of cash and unable to meet their interest payments? And that mine closure, liquidation or forced sale is in the cards?
Debt holders obviously think shareholder equity will wiped out. Not many viable companies see their Notes trading at ~50 cents on the dollar.
Mercator is a good company.
Perhaps. The problem is that the stock is likely worthless...