GREY:EPWCF - Post by User
Post by
Smokey1958on Apr 07, 2021 11:57am
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Post# 32949515
CEO.CA
CEO.CAThere is some chatter on CEO about a reverse split being necessary. Imho ....absolutely not. The situation with CBDT is far removed from the usual reasons for this, Thankfully Steve feels the same way. The growth projections alone combined with a self fulfilling revenue stream for expansion does not necessitate any reason to do so. Yes, day traders and particularly penny flippers can be frustrating but some of the largest, most profitable enterprises can be shorted ....hedge funds anyone. So the extent to which this can happen can't be the sole reason for doing it.
This "little" tidbit today was significant because it provides another example of the vision Steve had for Empower before the acquisitions over the last 6 months. The fact that his vision is coming to fruition should be no surprise to anyone at this stage .....another reason for staying the course in terms of avoiding share consolidation.
With a Morningstar 1-star valuation approaching $5.00 again no need to do anything but let Steve and his team do their thing.