RE:TAX LOSS Charley, with all due respect I'm not sure how much you believe they should be sharing and on what basis you are making these claims.
They've released Q1 financials (which appeared very good), a number of NRs in May suggesting new contracts and the no. of tests carried out in April, an NR of a possible acquisition and in the investor section of their website replaced the bio of the former CEO with that of interim CEO Andrew Ryu..
Have they been quiet in June ....absolutely. They clearly have nothing they consider substantive enough to justify the release of another NR and most importantly insiders have not sold a single share ....in spite of that. Have we been fleeced, maybe ....but there is little evidence to support that ...yet.
Is the sp a disaster, absolutely. Anyone investing in a penny stock should understand the significant risk, full stop. Anyone investing in the CSE and TSXV should arguably expect there are rules in place to protect them. Unfortunately that is not a reality. Could SCRN take off, yes .....could it drift lower, not through any rational expectation that management and/or insiders would willingly want it to do so.
I'm as frustrated as anyone at the current sp but until next Wednesday comes there is little evidence that anyone can use that should suggest a pessimistic outlook. Guarded .....yes!!!
GLTY ....and GLTE ....holding their breath.
Charleyfarley wrote:
There are certain stocks that as early as june you really have to throw the towel in and remain a shareholder BUT for peace of mind admit defeat and move your money aside for a tax loss come December---this poorly run company that should never been given public status that gave them a licence to screw with peoples money should be investigated top to bottom and delisted when the truth surfaces that it was no more than a laundromat for the wealthy