RE:No one cares Kcac …lolFrank, Don't you realize that no one is buying as most know that FEC has announced they have 3 investment bankers working to sell off its assets? How do you value a company that is selling it parts for future unknown amounts? The market hates dealing with unknowns.
Unless you want to sell some shares now and bail or buy more on the cheap, what difference does watching the stock multiple times a day, make?. Until news of an asset sale is made, with no news, the stock will likely keep dropping.
JMO, but I think both Puerta Bahia and Frontera Guyana will sell for at least $1Bil. But if either one were to sell for half that, the $500mm paid for either asset is equal to current market cap and should result in a nice jump in price and hopfully a large dividend or distribution.