RE:RE:RPL will drop to a buckWith a SP around $1.35, I'm perhaps one of the few retail schmucks that have made (albeit only a little) money on this name, but ONLY because I was averaging all the way down to $0.90. If my ACB was still in the high $3’s I would be one angry MOFO.
I'm planning to sell off a portion my position at this level and move the money to another opportunity. I will keep some skin in the game during the Alexander transition though. As is always the case, time will tell if I’m making a good move or not. Maybe a diamond in the rough, maybe more repeated kicks to the crotch.
I must say I've enjoyed the 'deliberating' from all the Stockhouse members since the announcement was made early last week. This is what the Board is for, to express interest/concerns/ideas. As hawk has eloquently pointed out, what aggravates me the most from all of this is that those f-ing waste-of-skin d-bags, aka FrontFour Capital managers, will have made north of 20% for their troubles, for their ‘genuine’ interest of helping the lowly retail investor out. As all aggressive hedge funds do, they have made their coin and are now onto another name to infiltrate, shake up, and scalp for the benefit of themselves. And only themselves.