RE:Down 40% In The Last Month Doesn't really matter at this point? I am down 90%. Who cares if it goes to 0 at this point.
My opinion is the company bears a lot of assets and makes money and lots of it, (yes I know a lot of debt) Financing/Dilution (not more debt), and selling off non-core assets to improve their balance sheet and will reduce debt to a manageable level and hopefully would value the company way above 300mil market cap. I know exploration companies with only decent holes, not even producing.. worth more than this pile of .... If exploration companies can produce hopes and dreams off decent holes I'm sure this company can too with their massive revenue. (minus current debt, lol). FML.
Even look at TST, they only had a bit of cash, some writeoff's, and a denied drug and they got almost half as much as CXR is worth now.
UppersDowners wrote: and boy oh boy this must be close to an end. If this drops under $5 some fund companies have to dump it and then watch out. Looks like Hillary will win which is another nail in the coffin.