TSXV:RHT.H - Post by User
Post by
Aei773ouon Jul 29, 2020 2:37pm
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Post# 31338856
The management got it all wrong.........
The management got it all wrong.........This is the price the management team paid to exercise their options - 0.21 in 2019 in order to rescue the sinking ship. This is the bear bone price of the company, not to be mistaken with the fair value of the company at current fundamental conditions. So I expect a rebound every time when the price reaches the vicinity of this Ultimate Support. This will stand until the market feels the business model fails and the company is “Uninvestable”. You can see this happens when sp is trading below 0.2.
Shareholders has been under the impression when the management only gives updates on condition of material substance. With the ever sinking prices on a lack of company response make like 2018 resurfaces all over again. People remember and this management thinks regain confidence now is immaterial to the management. People will take it as there is nothing good and things can be worse than before. Should shareholders still hold the stocks on daily losing pattern until the next QR to validate their belief - whether correct or not. Is this the price shareholders must pay for their either naivety or luck. I say strongly this management is so wrong to ignore the imperative nature of investment confidence. The management is also paying the price of being negligent. For investors betting their cold hard cash on good management team how many will put this stock on their list? I wonder.