Post by
An1588er on Jun 10, 2019 3:33pm
How low will this go?
1.28/12 = $0.10. This seems undervalued. While I did take a tax loss a few months ago, this looks interesting at the current price. Using a previous posters price target of $0.16, this should be trading at 1.92 post consolidation. Added a small position, may add some more over the next few months. This is cheap. Book value is almost $100/share, which may not be entirely realistic, but this is at least worth $2.
Comment by
maldwyn on Jun 10, 2019 3:50pm
The market clearly seems to think it is going to near zero at some point, which is why the reverse split was a bad idea as it just gives you a greater % to fall. As I understand it they still have a lot of debt and so I don't think I would be a buyer until after the NEXT reverse split which I think is inevitable. I think this will be sub-$1 in a matter of weeks if not days.
Comment by
Don2018 on Jun 11, 2019 8:17am
Unless oil and gas prices rise, the common shareholders will eventually get totally wiped out (as if already losing 99% wasn't enough)