GREY:LFDEF - Post by User
Comment by
goldspeculator1on Jun 05, 2019 1:55pm
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Post# 29800387
RE:AGM...June 26th
RE:AGM...June 26thDefinitely sets it up should they decide to do so. In my opinion it's not a bad idea as long as the move is supported by one if not more significant events to support the share price.
Doing it just for the sake of it doesn't change the reality that the company is down in the dumps right now. And there are plenty of cases of a consolidation followed by drifting down again with no news. Some might argue oh it will get institutions buying but that is fairly dumb logic and frankly if a fund was interested they would just be buying. Market cap doesn't change so it's still a microcap till the day they deliver on their objectives.
Financing for Urthedaily would be a good one. Or that coupled with a financing round at the rollback price would stabilize it.
Selling deimos might qualify but probably doesn't get the pop they'd need.
Frankly if they believe the business has legs and can start generating strong cashflow with Geosys and ultimately Urthedaily then I'd wait and do share buybacks.
Side note question. With respect to Geosys. Was there ever any details provided on 2018 numbers for the company. I wanted to get a better understanding if that business is experiencing growth or is relatively static?
thanks
GLA