The selling pressure will be immense upon IPO.PE Liquidity.. finally a chance to trim that 9% on the open market.
Comments about Waterous being a 'good mgmt team'... really? How do you know this?
All you've seen is what Mr. Waterous has acquired, and yes, he has built up a nice war chest of assets on the cheap. Including PIPE fleecing retail noobies out of at least $4/share of what they'd get on the market.
But good management? Have you seen the books? Do they execute well? strong Asset & well performance? Really, you know nothing. PrivCo and black box.
Upon IPO Strathcona could trade down 20% on the day and your PIPE shares plunge you further down the toilet as good pipes do. It's a gamble. Speculation, nothing more. This isn't an investment, it's a gamble to clamber back to $3/share, but with a 50/50 chance your shares will be worth $1.80/share upon IPO.
Use your heads, think smart, invest don't gamble.
...and yes, some of us know a lot more than we may let on, too bad some are incapable of listening.
Well listen now.
You are welcome.
~THE GREAT CHEADLE.