GREY:BXEFF - Post by User
Comment by
Eagle1on Jul 18, 2018 3:04pm
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Post# 28334461
RE:RE:RE:limbo stock
RE:RE:RE:limbo stockI'm another of those posters sitting on a pile of this stock, much of it bought before the downturn therefore my average is far above the current SP. The fact that it's drifted down, again, well under one US dollar is disturbing because management's track record would suggest that a reverse split is not out of the question.
At this point the question is - who would buy this stock and why? The management seniors are not exuding confidence, they obviously don't see it as a good investment. There are too many questions unanswered therefore the SP stagnates.
The only winners at this time are senior management who continue to earn a hefty wage. They may occasionally verbalize their dedication to shareholders but their focus is to keep the company solvent and to cash their paycheques. They prove it by their management track record and their lack of investment in the company.