RE:RE:RE:Slow motion train wreckNYX2017 wrote: It will be aquired or taken private by 2020. With revenues of at least $100M, it won't sell for less than $1.50 per share minimum.
Xtrykr0 wrote: According to Matt on the call, the LOC they have is sufficient (I think they have 1.5 million they can tap into). Regardless, that's assuming they fulfill their top and bottom lines... Seems sketchy. Wouldn't be surprised if this company goes belly up in 2020. $0.10 in a couple of days.
Point noted, however, they are going through a product rationalization exercise - there are some items that are already being phased out, while others may be sold off. The market headwinds are strong - its quite an uphill battle from here. As much as I'd to agree with your $1.50 minimum, if that were the case, there should be much more support even with such a tight float. The next big news item will be regarding their product launches down in the US - still haven't heard anything about them yet, that to me is not a good sign as they may be missing out on the consumer spending during the festive season. We're down nearly 80% from 2018 highs. I wouldn't rule out a tank down to $0.10 on low volume, wouldn't take much.