Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

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Crius Energy Trust Tr Unit > Oversolld

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Comment by StocknerdEQcoolon Jul 26, 2018 8:44am

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Post# 28369643

RE:RE:Oversolld

deisman03 wrote:
I believe Solar only makes up around 3% of the company but it may just be the biggest drain on cash at this point. I am not including the negative results from their court challenges and the resulting costs there.

Once I heard about the escrow units being released the reason for the short attack was evident and understandable.
Whoever put that deal together in such a manner that 6% of the companies units could be released onto the markets in one fell swoop after a specific date made a very unprofessional deal.

Such mistakes can break a company. No wonder those who saw the deal started shorting immediately.

The information was available but not easy to find. It wasn't hidden, just not mentioned in detail.

When I heard about the escrow units I fully expected the unit price to drop upon their release, I was hoping they would be released in a responsible manner and that the unit prices would stabilize in the high $7 range for six months or so. I WAS WRONG.

I bought some more this morning. A fool and his money are soon parted I guess.

WTH if I'm right some quick handy cash in the new year in the TFSA account will come in hand on a warm/cozy vacation.

GLTA the good folks here