GREY:LSTMF - Post by User
Post by
PROtradingon Jul 13, 2016 10:27am
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Post# 25048021
Old commons versus new commons
Old commons versus new commons
I hate to say it but the investment community in general isn't very smart. Even institutional investors aren't smart and they play with other people's money.
I find the most dedicated investors or traders are those who have their own "skin in the game".
Well boys, I bet big time on BTE at the sub $2 when panic and capitulation was there, and I'm here today.
Let's do a bit of simple math, shall we and we watch for the buzzy bees and wasps.
Old commons. Book value of $2.40 and outstanding shares of 198.60M
New commons, outstanding shares consolidated to 100M shares, 1/2, so book value gets cut to $1.20 per share.
Now traders and waiting hands wanted to see this drop to 10 cents but it hasn't. Why not?