TSXV:NDVA.H - Post by User
Comment by
nedstar71on Jun 06, 2024 5:08pm
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Post# 36076330
RE:3.5 Cents
RE:3.5 CentsDuster340 wrote: could be a bargain if the selling is done. last time there was a big selloff the stock dropped to 2 cents and then recovered to a high of 12.5 cents not that long ago.
Doubtful the selling is done. High probability those were more tweed shares selling at the 3.5 bid today and they have 34 million shares to go. No idea why they are selling but rest assured, to them half a cent or a penny a share doesn't make much difference. They seem to be hitting whatever bids show up within reason. If it continues, 2 cents or lower isn't out of the question. Indiva management would be in a blackout period with the strategic review going on so they couldn't buy or sell shares they wanted to so won't be any signals there.
June 13th will tell the tale as to whether this is a good price or not. I'm thinking a large dilution stake taken by somebody to take care of some of the debt combined with a 1 for 10 or 20 consolidation. A real shame the debt has put the one decent mj company in such a bad predicament.