RE:Consolidation of sharesHi Club.
Let's go at this from a proper angle. Your angle. You've been trading this company's SP for a long time.
I'll make a few observations and you can me what you think of them. Yesterday Eleven made the point that people buying the bomber shares aren't paying $1.50 for the shares right now.
How can we trust they are going to pay $15.00 for those same shares after Consolidation??? Good point I agreed with him, and Bicente did as well yesterday. But I'm having some reservations/further thoughts, about that after thinking it through further, today.
I know we can't TRUST the Daily Trades of the this company because of all the Naked Sorting going on. Correct me if I'm wrong here. So how can we trust any trades sending the price up or down on a daily basis is even real???
IMHO, the Conclusion here is That we can't trust that those daily trades are real in either direction of up/or down. Brings us to the next point.
They did this recent buy back for $68M. They may have bought say about 40M of real shares back from the Manipulators. $68M divide by 1.85/S Average = 37M shares So that's what they took out of the Manipulators hands. IMO. Bombardier didn't even get those 40M shares that TD sold to Goldman Sacks in 2018. Remember that Bombardier's Share issue of 2018 put in 225M shares into the market to 5 Banks Including TD.
So, after this recent Share Buy Back the Management decides that they are going to a Share Consolidation. Why???
IMHO. They got no where with the Buy Back, and realized that these Manipulators are too smart and they are taking the Company's hard earned money, and they can't stop the Manipulation, Because the Share price has gone up temporarily to $2.27 and then Manipulated back down again to $1.15 in 4 months. So therefore the Management decides that they are not FEEDING these Manipulators $100's of Millions to fix this FLOODING of shares problem that the Company themselves created. Because the Manipulators can "Naked Short" all day long as well, with borrowed shares to their Buy Backs. The Company can't even afford to Buy back the whole 225M Share Issue that they did on in 2018. Even in todays low SP's. So Management is at a stand off with the Manipulators..
Hence the HUGE scare for the Consolidation.
I, for one, don't want to be dilluted to ZERO with my Investment with this 30 to 1 insane Consolidation. Remember that these Manipulators can play with the SP all day long, and they have unlimited "Naked Shares" to play this game with.
Above, I only dealt with 40M REAL Shares from that one Bank (TD) sale to Goldman. Since 2018 What are the other Banks doing with their shares from that Issue? I recall the others we're Desjardins, National, UBC, & Deutsche Bank. What are those banks doing with their shares from that Issue. Probably lending them to these Manipulators to play the UP & DOWN game with everybody.
I see your point on your post, that the Company is making real FCF's & +FCF right now, and they are thinking of how to solve this dilemma. Time will tell. But to Dilute all of us Bag Holders, after averaging down, and dilute themselves in the process, can't be the answer???
The solution to me here maybe 2 fold & slower in the time to execute it.
1. Keep building a CASH WAR CHEST by +FCF's & keep building this company up to become stronger. Which in turn will bring in Institutions/Funds & even retail in slowly. Because of the low SP sale on the stock. Plus they're making money for their needs.
2. Keep Paying LTD down with excess cash on the Balance Sheet every year, to get better ratings from Rating Agencies. Because that provides Shareholders value and they can control the JUNK BOND rates down.
Because if they keep feeding these ANIMALS by these Share Buy backs?? They'll keep playing the game of UP &DOWN with SP, and they'll waste the Company's money on this game right now. I bet PB didn't think of this when he was dipping into the Market to get money from these Sharks. I guerantee you that PB can't think PERIOD. Let alone try to figure this out. The best thing the Company can do right now is keep the idiot away from the Company's wallet, and exercize the 2 steps above that I mentioned. Or maybe even a few more that I can't think of right now. This will problem take time to fix. But let's start with spoofing the HURD of animals first. It's not going to cost anything yet? Coffee time for me. Please give me your input.
Message me privately if you wish. Thanks in advance
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clubhouse19 wrote: After reading the NR this am carefully and the way it was written and the timing the company gave itself, it made me deduce that Martel is extremely
confident going forward that they are at least on track with their objectives if not somewhat ahead.
Is this being used as a positive signal to the market .
Another point
why else would they state as the objective to increase liquidy if not to get more buyers on board like institutions?
Presently, much of the liquidity is simply shares being recycled in and out constantly through shorting, swinging and naked shorting something that would be dampened considerably if what I think about the coming results and signal comes to pass.
An objective to look forward to