GREY:CVHIF - Post by User
Comment by
mtvrdonon Mar 30, 2017 12:16pm
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Post# 26052719
RE:RE:Hold Tight or Buy
RE:RE:Hold Tight or BuyYou never know. However, I think it's equally likely that it's in the high teens by that time.
The company has reported significant spending cuts, optimizations and a profitable quarter. If you are trading at 13 cents, have 20 million in current assets another 20 million in long term assets and no significant debt you are doing very well relative to most of your peers on the venture exchange.
Even with the shares out, at 30 cents, the market cap is around 30 million. i.e. less than the 40 million asset value
If you are also PROFITABLE there is just no way the math on the 13 cent stock price works.
The reason the SP is so low to begin with probably has a lot to do with the perception that the company would never turn a profit. However, now that they have, the main reason for the SP is temporary trading activity (shorting, penny flipping, etc).