comparision b/w opc (optic canada)and fiuafter doing some quick readings on their financial performance of opc and fiu, I have found that they are very similar : both are lossing money, ,with very high debts, sales are minimal while cost is high, and most importantly is with huge liquidity proglem.
what now opc situation is ; optic has to file bankcrupcy protection and a china entity just acquire it and pay the share holder only 12 cents per share which is about 5 % value from this year high!! ,even the share holder equity value is worth $ 3.8 per share!!)
whereas in the case of fiu, fiu is now having a share equity value of about $1.2 per share and the most critical issue to be tackled now is the gw completion test; if it doesn,t passed, then fiu will be in deep trouble because it will cost them from 30 to 50 millions for penalties, which fiu might not have the money and might lead to bancrupcy like optic canada ?????
It is scary , isn't it ??
can anybody share their view on that?
good luck to all. including myself!