RE:Why is this Tanking?luckycanuck wrote: Why is the stock up so hard on no news and then tanking? I am trying to figure this out..
Not sure! But glad it did! It was my opportunity to get out today at a 33% loss on original investment vs. 66%
Financials are out on SEDAR... and I looked at one thing....
Net Revenue = $220,000
Expenses = $660,000
Not Good!!!
But better than last Q of $115,000 Net Revenue vs. $900,000 expenses
So I am glad to be out with a few bumps and bruises... it could have been worse. Don't get me wrong, I liked what the company was doing otherwise I would not have invested in it... However, to me, it is struggling to sustain any kind of momentum.
So I will revisit this issue when it actually generates something positive for contracts. IMO, it's too much risk in its present state.
I wish the longs the best! Hopefully management can turn it around.. If they can, I will be back!
FI4