TSXV:VER.H - Post by User
Comment by
Motownwingon Aug 29, 2008 1:21pm
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Post# 15419957
RE: 3 year low
RE: 3 year low
I disagree. I am very much interested by this stock. Unless their cash problems forces them to restructure under the protection of the Canadian bankruptcy laws, at a buck, this stock represents a significant opportunity over the coming months. I believe the market is overpunishing this stock (& its management team/CEO). It is likely already oversold and a technical rebound should occur. The big unknown is the "strategic investment" issue but at this price, it seems to me that the worst case scenario has already been assumed by the market.
We all try to buy low and sell high. I believe that this sp is real close to as low as it is going to get.
Risky but the downside is probably no more than 0.10 or 0.20$ with a much greater upside...
I very much understand the frustration of investors that bought at 4 or 5$ though...
Any comments?
GLTA