GREY:MYMMF - Post by User
Comment by
RockMaschineon Apr 21, 2021 10:51am
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Post# 33036774
RE:Food for Thought
RE:Food for Thought
Exactly where those who have lost the most money want it. Owning $5 million to the CEO at 15% interest, Biome and pals maintaining a controlling interest with a claim on assets in the event of liquidation. A cash position less than $1 million in a market where cash is king and the cost of doing business is not getting cheaper. Fundamentally many people are stuck in the past thinking old valuation metrics apply and because cashed up big boys are trading at wild multiples than the struggling little guy should too. MYN turned it around it under three quarters and was taken out early much to the chagrin of others. Maybe eek out $25-40 million more in a market cap if the stars aligned but todays market is one of consolidation. NO= I'm down a lot and think you should work harder to get the stock back to where I think it should be despite a team of professionals saying otherwise. Oh and please do it while worrying quarter to quarter whether there is enough cash coming in to keep the lights on.