RE:RE:RE:RE:RE:Ok....I sold some at 10c/share last week...we're good right?Barewood wrote: Sanderz wrote: MatrixDweller wrote: I'm pretty sure this company is on the verge of bankruptcy. The lawsuit really kicked them where it counts. Most likely companies that were looking to aquire Neovasc will just circle like vultures and wait to see how cheaply they can buy the company or just the patent.
Well, I am on the fence whether or not it's on the verge of bankruptcy, but I wouldn't be surprised.. from $2+ a share down to 4 to 6 cents a share? of course that's very poor performance
Neovasc has positive earnings and a marketable product in Europe and the Middle East; read the opening statement of the March 28 release. Also, cashon hand to carry this Company thru to 1st quarter 2019.
Of course htey have cash on hand, it's because of all the dilution. Anywaw, if it went bankrupt I wouldn't be surprised. Not saying that I think it will, just that it can go either way. Last year there was a technology/education company, trying to remember it.. I think EXO U, and apparently they had a solid product but the stock price was suffering big time. people figured wit ha good product and some cash they'd get ahead. they went bankrupt to everyone's surprise.. and their debts were only $400,000