GREY:ISYRF - Post by User
Comment by
humppyuson Jan 24, 2018 3:31pm
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Post# 27426381
RE:RE:RE:RE:RE:At least the Intrinsyc gang had fun at the Ces in Las Vegas
RE:RE:RE:RE:RE:At least the Intrinsyc gang had fun at the Ces in Las VegasThanks for your comment. This thing really isn’t trading much at all. I know the outstanding shares is about 20 million, however I am really curious what percentage of those are really tradeable and not held by insiders or other entities that would be more inclined to hold. With only one analyst covering ITC it looks like there are very few funds that may hold this stock. If any fund really wanted in, the SP would be pushed up really fast.
Taking from your thought, ITC seems to be holding its own from a balance sheet standpoint. Why not just take the thing private. This would reduce costs and hassles associated with being a publicly traded company. In the end probably boosting the bottom line.
Going counter to my comment; If funds or institutional investors want in, they need liquidity as they try and purchase a blocks of shares in a consistant price range. Without funds and institutional investors there is no coverage of consequence and no interest. The only way to solve this would be a Private Placement which would allow for larger block purchases of shares at the PP price.
I am interested to find out the Stream situation and earnings. However the SP action probably is providing the answer to the Stream situation.