Q3a little softening witt eh consolidation - so those picking that - well played.
I'm a firm believer that the timing of this - 6-8 weeks before the first truly encouraging q release (Q3) - reflects why they have undertaken the consolidation in mid-september.
the dimensions of the share registry and marcet cap - look in reasonable proprtion:
- 57.56M shares outstanding
-Mcap: $29.3M
(note the asset value of the plant is reported as $25M
price to book 0.593
well position, particularly if Rene hits his marks as we enter the final strecth in q3.
buy on softening, for sure.
no fear this takes a strong leg up on the Q3 release.
(US frac names just taking a pause, after a rabid 8 months, if not 22 months - or from wherever you want to mark it from - one of those long linear trends up - like a well formed mountain range...