TSXV:LRT.UN - Post by User
Comment by
BobTheKnob2on Feb 18, 2022 11:52pm
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Post# 34444215
RE:RE:Someone is buying the unit but why?
RE:RE:Someone is buying the unit but why? BobTheKnob2 wrote:
Cbcdistressed wrote: I noticed some volume on lrt.un but I don't understand who in the right mind is going to buy the current unit in front of a massive dilution.
why? Is the fundamental turning 180? But it's fair to say that the oil is close to 100 again so maybe someone is anticipating a boom in the city again?
Whoever it was spent $200 total (12,000@$0.015 + 1000@0.02) today.
It is not your money. It is not your problem.
Whoever it was made their own investment decisions based on their own rationale and research.
We all make decisions that not everyone agrees with.
At every peak and every valley of every stock ticker history and every economic cycle there is always a buyer, and there is always a seller. For every person that sees a glass half full, another person sees it half empty - and another sees it as a glass with water in it.
I am not the thought police.
I am not here to judge why people do what they do.
I hope not everyone agrees with me too. It would be a very uninteresting and boring world if they did.
Granted, having said that, on the surface when a company converts $24,810,800 of debt plus outstanding interest payments in the amount of approximately $8-8.25 million into equity - that should be considered a very positive development.
To further my thought. . . I will spend $200 on a bottle of scotch or a night of drinking that easily converts itself to a very satisfying piss in the morning.