OTCPK:MECVF - Post by User
Post by
modulexon Jun 30, 2022 12:26pm
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Post# 34794142
MDF IS TRADED QUITE A BIT BY USA INVESTORS
MDF IS TRADED QUITE A BIT BY USA INVESTORSYes, obviously the sharp decline in the share price is OVERBLOWNED. There is definitely some selling pressure from shareholders south of Canada's border.
It is irrational to have encountered the recent spike near CAN $3.65 and suddenly a $1 + crashdown today on the announcement of predictable impairment charges and related PERISCOPE. On the revenue trend, the stock doesn't deserve such a beating.
An american outfit will most likely take the company private.