RE:Should be back to 8 centsvincentmtl wrote:
The market has over-reacted to the news issued by management team. After several trading days, share price should be back to 8 cents range because of net cash value.
High tech is high risk, and every investor should know this. But still has potential to get 10 times profit!
For these guys who bought shares above 20 cents should coonsider buy some shares and reduce the average cost.
We have all bad news, and what left? -- only good news. I can't image the forthcoming bad news except the end of world. If this is the case, paper money is useless, even life.
Frustrating market means good opportunity.
the history of this company says different, each and every time what is considered an overreaction to news, the new low becomes the norm. the latest news shows management has given up on MCNA, has no real direction or prospects, and feels liquidating all assets, paying out their own golden parachutes, and winding down the company would net @ 8 cents per share. with nothing other than cash burn in the near future for Telesta, that will be dropping in line. sadly, until something positve occurs, the 4-5 cent range is the new level for Telesta.