GREY:XEBEQ - Post by User
Post by
tamaracktopon Nov 26, 2022 9:58am
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Post# 35130403
Seriously damaged by inexplicable fiasco
Seriously damaged by inexplicable fiascoI've never seen anything like this in 40+ years of being actively involved in the markets.
Completely blindsided.
Not the only one.
I believe the analysts' consensus target was $1.90-$2.00 was it not?
And didn't the Scotia analyst initiate coverage with a $3.00 target? Or was it $4.00?
Even when Nortel went down, it traded all the way from $124.25 to one cent before being delisted.
Greenlane has recovered 11% from its recent low, yet is still trading at a market cap below that of Xebec when the company announced creditor protection.
How is it even remotely possible that the company was as transparent as required by law and yet the shareholders are left holding the bag when the company had a market cap of
$79 million as of the last trade?
I have no idea how this is going to unwind.