GREY:RVVQF - Post by User
Comment by
Botaniston Jan 31, 2020 8:10am
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Post# 30624394
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Thats so Raven .
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Thats so Raven . I'd very much doubt the professionals are buying up while all those questions remain unanswered. Rule #1 in investing is to look after your capital, I'll add more below.
I find it incredible the share price has gone from 11c prior to the Digigro purchase to the current 3.5c and management have done zip to defend the stock.
That update they put out was pathetic, just talked the price down more. Yes they had to mention the cancelled JVs, but why come out and talk about cannabis oversupply and changing direction to be a tech company. Share holders needed reassurance the debt would be managed and income will flow from our facilities - some thing along the lines of "we have several options we are considering.....". "cannabis production has now ramped up...."
And why buy an app for $5m while we are sacking staff to strenthen the balance sheet. They must think investors are so dumb not to see through that play for shares.
Yes volumes are high and there is a buyer in every transaction. Volumes like this are typical of accumulation, churning the shares or selling down then rebuying as you shake out the tree. I have no doubt at all whoever is doing this accumulating also has control over those Digigro shares. Looking at the lack of response by management and that newsletter, they seem to be happy with what's going on.
Make no mistake, this accumulator does not want control of our company for it's debt, they are after the assets.