RE:RE:Emotion Has Left the Building
Crescita was, and is, a bad idea (maybe?!?!). Management is terrible, but I am talking about something entirely different. What I mean to say is that at the current share price, Crescita is extremely exposed to a junk bid buyout. Has nothing to do with management and everything to do with the assets and a shareholder base looking to cash out the $35MM. That is why I say that you couldn't rip these shares from my hands for less than $3.50, the same way you wouldn't change a $20 bill for $10. At $1.50 the downside is gone and this is why this is a speculative hold for me. I see in the trading patterns that there seems to be careful buyers for anyone who loses their patience. I have no problem being patient with this one. Having said that, here's to hoping that management does what they say they will do and in their own words "preserve cash". Maybe the split was intended to package Crescita as the buyout rather than NRI as we have all been suspecting. Time will tell, but their are so many strange and mysterious management actions that I feel something must have been in the works that is yet to be revealed. Quite frankly the shareprice of Crescita is on solid ground at 1.50 and I intend to read to the final chapter. Cheers, Schaff