GREY:IPRSF - Post by User
Comment by
Lendlfanon Nov 13, 2017 5:50pm
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Post# 26955049
RE:RE:RE:RE:update
RE:RE:RE:RE:updateI see your point, but one could look to many of the Shipping stocks in the US that have done R/S recently and they are NOT making money but losing a ton....yet some shipper stocks have soared after the R/S.
We just need a catalyst event to get this going...i.e. debt deal or a nice equity stake.
Even if we get dilution....as long as the debt issue overhang is out of the way....I think we'll start seeing some nice share price growth.
This company cannot stay at this valuation, dilution or not....its just wayyyyyy too undervalued compared to its peers and to the overall stock market.
I've been watching the Bid/Ask every day closesly for 6 months now...somebody recently has been accumulating at .03 cents....someone keeps coming in and grabbing anyone selling at .03 - They are doing it quietly....I think we see a rebound sooner than later.