Tax loss selling?Hmmm…..end of year tax loss selling today? I have been picking up quite a few shares at .01, even given the proposed share consolidation which is actually positive because they’ll have permission to raise funds at the consolidated prices. If I were to guess, I would say a financing at .08 cents a share to attract participants to try to raise $1 to 3 million. Based on the most recent drilling, it didn’t seem to require too many drilling programs to substantially increase resources.
I have read buy recommendations for stocks with 5 to 10 times the valuation of Stroud and having the same inferred and indicated resources, if that’s any indication of how undervalued this stock is.
Many buys at .01 this month (mine) are not showing up as such on Stockhouse for some reason. May be going through another exchange perhaps.