GREY:NCNNF - Post by User
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ModerateRepon Nov 29, 2019 9:48am
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Post# 30405171
RE:RE:RE:48North - Currently trading at ~66% of it's Total Assets
RE:RE:RE:48North - Currently trading at ~66% of it's Total AssetsHolding some, liquidated most. I say approach with caution. More RSU’s? Dishonesty, silly stash boxes, lots of processing and manufacturing to do. If revenue doesn’t materialize from unique brands they create they will slowly burn cash and fade away in a crowded sector.
I also could easily see them being acquired and getting the pay day they all wanted. I don’t trust their intentions anymore. Until they can prove otherwise.
Definitely voting no on the RSU’s!
If an acquisition goes through at say .60 a share, guess who wins big. Pierre.
they have to big players in the mix that can put the share price wherever it needs to be for an acquisition.
I understand the fundamentals and on paper and all that. But until this sector turns around most investors aren’t touching it. Which means stagnant at best and a lower sp likely.
I still have skin in the game but I’m approaching them with extreme caution.