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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by Don2018on Dec 11, 2019 8:28pm
161 Views
Post# 30446067

RE:RE:RE:RE:Nice share price action of late

RE:RE:RE:RE:Nice share price action of late
Tuco110 wrote:

I get that you don't want to get too optimistic with all the negativity in the Can oil + gas sector, but if PIPE can hit 33,000boe/d while keeping our debt below $175mil why wouldn't we get the same valuation as Kelt($800mil) who produces the same amount and has $400mil in debt?


To be honest, I don't see how we get to 33,000 boed without some more debt or additional dilution.
That is why I have a conservative $3 target.
But that is still a double, and should be achieved early in 2021. That is a great investment in anyone's books. Sure there are "hot" stocks that MIGHT make you a lot more, but they also might lose every penny of your investment.

I am too old to play those games any longer.
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