Post by
davgro on Mar 09, 2023 4:20pm
ATE Closes @ C$ 0.48 - Lowest Close Since Tax Loss Selling
ATE's stock price is getting closer to my target for restarting a long position which is C$ 0.45. I Sold my entire ATE position on January 17th @ C$ 0.64 (average) for a respectable 33% return. I have been sitting on the sidelines ever since just watching trading activity and waiting for updates from the company. Long term I believe this could be a homerun in the pain management market if the science holds true. Right now it is just a waiting game for investors.
I have been saying for weeks that the stock will continue to drift lower with lack of news. There has been no insider buying even at these low levels. The Dumbster will try to convince you that management vesting their RSUs is insider buying....NOT. In fact its the opposite as the FMV (fair market value) of their vested RSUs is included in their taxable annual income as the RSUs are strictly income compensation awarded to insiders in the form of stock.
Now if we see any SEDI reports of a "Public Market Buy" by insiders then I will have a different view of management's long term commitment to the science.
The Dumpster says he has put me on ignore (yeah right) but I will continue to fact check his misleading and erroneous posts. You will alwys be my favourite TROLL Dumpster !!
GLTA