RE:TDMAN29, If you decide to pivot, and now think YFI will ....
SamDiego wrote: resume trading before the end of the year, do you still stand by your prediction based from your expertise, YFI will not survive past the end of the year?
I only ask this because if you make this pivot, all shareholders who do act on your expert business advice would maybe choose this time window to sell off all their shares.
Amazing how much my opinion is bothering you. Sam, if you haven't noticed that globally the economy is faltering. Governments are printing money like never before globally. Inflation has strained every country's citizens. People are struggling everyday to provide a basic standard of living for themselves and families. People don't have money to spend Sam so what drives the economy? The largest bank in Canada RBC just paid off a large amount of their work force. Why Sam? Why would a bank layoff its staff if the business was sound and growing? It's much easier to see what's happening by others actions then to read what they want you to believe.
I personally think many, many businesses will not make it to the end of this year in Canada and the US. Business failures are another necessary part of business. Look at the commercial real estate exposure Canadas banks have and look at the vacancy rate along with the renewals fast approaching at an additional 5% interest. What do you honestly think will happen? Corporations will fold and they will walk away. What happens to the smaller suppliers when their receivables are now inaccessible and banks have restricted lending as is the case now? Like I said Sam. I don't think many businesses will survive to the end of the year. Who knows, mine might fail as well but I'm taking all necessary steps to plan and prepare for a market downturn to weather the storm.
As for capital lending, it's not happening. What happens to business when it doesn't have access to captial or capital markets? It doesn't matter the industry Sam. This is what I have been trying to have you understand. Principles and fundentals remain constant regardless of the industry. No capital, no more business.
I hope this was simple enough for you to understand. There is no harm in hoping for the best as long as you have prepared yourself for the worst. Stop pumping as well. Cheerleading won't grow any business. That's the job of the company and it's people.