Share PriceI'm a long time shareholder and very much beleive in the technology. Know the compay very well. Ultimately I believe it will be successful.
That said let's not sugar coat it. the share price today is a disaster.
If the company was run well, this would not be happening.
Large number of shares trading means someone big has thrown in the towel.
Why?
From a strategic perspective, my understanding was that they wouldn't look at using CTI for other vertical markets, until they perfected it for SAGD.
This is a major change in board thinking. This is why I beleive larger shareholders are done and selling.
AXE directors need to provide a better explaination as to what is happening in the company, with more concrete timelines and timeframes to gain the confidence back in the market.
That or it's time to shake up the executive and make some changes at that level.
Just a reminder that the shareprice started cratering when Laura left.....