RE:RE:Sum of the parts in a bear market… how low can it go? In previous bear markets, QTRH traded below the cash on the balance sheet net of debt. WiLan was valued at zero.
ITS is worth $1. The problem is the cash is offset by the debt. So the downside is $1 as Todd suggests.
The fed was very clear yesterday. One way to get inflation under control is to smack asset prices. All the fools that have been buying Bitcoin and long duration unprofitable tech are put on notice and are now under direct attack.
Never fight the fed.