RE:RE:FIRST STEP?It's pretty simple what happened to propel the stock and the tank afterwards and if you were watching closely you'd have had a pretty good idea what happened and maybe saved yourself some grief. I had traded this stock a few times before and a bit after and followed it closely. Here's what happened imho.
1st off with rates going up this small company had a fair amount of debt, not good, and on most of their boo projects and the rioalto project feedstock didn't come as expected along with the delays from supply chain issues etc. which had been hitting the s/p. all that aside
now for the run up to 2 ish, they appointed a new cfo and ceo in june, both of whom were great picks with great credentials and this plan was also announced along with the ceo's hiring "
With Brett Hodson and Andrew Spence, our CFO, on board, we now have a new team with significant infrastructure development experience. As a team, we have agreed together to review all aspects of the business to align with Anaergia’s recently announced asset-light strategy and ensure that our financial targets are set correctly under this strategy going forward,” concluded Dr. Benedek." now this was all great news and propelled buying and more confidence in anrg. so with a relatively small float it didn't take much for the s/p to take off and this was that catalyst. things were looking up for anrg okay so now they've been there a month or so fast forward 1 month to july 18 strategic review nr
https://money.tmx.com/quote/ANRG/news/7361593183102921/Anaergia_Board_Approves_Engaging_Financial_Advisor_for_Strategic_Review now here's your reason to get the heck outta dodge on this one, and it's been a downhill slide since and it was definety your clue to make sure you sure as heck didn't hold ANY of this one when the earnings were released, you can go back and see that basically the same thing happening at xbc before it delisted, not saying this will.
at least this new mgmt team relayed pretty much asap ( 1month after coming on board) that a strategic review was needed. xbc's useless mgmt, new and especially old were useless in this regard and every other.
cheers ferret