Fair enough and really hope it will "fortune" you!
But, but, allready 2(3?) years in negotiations (Chinese partner??)??? for Nash???? and still nothing.......
No insiders willing to buy at these depressed levels.......(hey, a decent buy)
No Cash!!!!
I think some other companies are in a better position.......
But then all of a sudden they come up with the negotiated newer trial and .....boom....., it could be truth and a nice Christmas gift!!!
GL
SABBOBCAT - (12/13/2022 10:21:21 AM)
Great opportunity!
I feel this may make me sound like SPECO, but these opportunities don't come along very often. We are able to pick up shares at roughly 1x forward revenues right now which is a steal of a deal.
I have been passivly adding to my position as the indescriminent tax loss sellers are met with a dearth of buyers which is driving the price down. This is frustrating for some, but please consider tthe following two things:
1) Friday Dec 23rd is the last day for tax loss selling with standard T+3 settlement for 2022.
2) There is an tranche of options expiring on tuesday Dec 20th with a $0.38 strike price.
This means that this buying "opportunity" will only last for another week to 10 days before the reversal starts. It may not come roaring back, but the price should stabalize and once the newsflow starts back up. Best case is the market takes the option exercise as positive and we se a nice pop next week, but im not holding my breath.
The question is? Do you have the conviction to add down here? For me, the answer is yes.