RE:RE:RE:RE:Maggs...SPN's Positive EBITDA and Cash PositionYes that was quote from the conference call.
Record sales, record EBITDA, record cash on the balance sheet. And strong visibility into 2023 with record backlog and the Gambit growth. The fundamnetals of the business have never been stronger.
What else could he consider a position of strength from what he can control?
The stock, the market cap now less than 1x sales, investor appetite for micro micro caps on the TSX ventures....not his fault. But knowing that the US markets have a minimum share price to list there makes sense for the stock rollback to get the stock price where it needs to be for the move. Investors are clearly not searching for new ideas on this exchange.
And with insiders & Bally's owning 45% of the outstanding stock, they are more than aligned with the rest of the shareholders frustration dont you think?
What other stocks do you own where insiders own 45% of the company?