Riders out So today was an opportunity for riders to get out of the issue, realizing the easy money is not happening. There is a lot of emotion being expressed on this board, understandingly so to a certain point. However, look at today's picture:
A few days ago, the company was valued at $75 million CAD market cap with around $20 million USD in cash.
Today, the same company is valued at $75 million CAD market cap with around $45 million USD in cash.
Trading at almost cash/share. Which company would you buy?
Forget dilution, focus on numbers.
And Lvesque is living on borrowed time. He will not survive this.