GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 12, 2022 12:34pm
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Post# 35166362
Just how bizarre is this exactly?
Just how bizarre is this exactly?I'm not gone, and I'm not hiding, I'm having a very hard time getting my head around this.
Greenlane has spent the better part of the last two weeks trading at a market capitalization that is less than Xebec's cap was when it was halted.
You can be sure that Summit fully vetted Xebec's finances before awarding them a $146 million supply contract only 5 months before the company sought creditor protection.
They didn't see it coming either.
Neither did the analysts, whos' collective one-year consensus price target implied a market capitalization approaching $300 million.
I had front-row seats watching Nortel implode, and I saw that coming a mile away.
I didn't foresee this debacle at all.
I find it almost incomprehensible, and honestly quite disturbing.