Post by
GhostmyDck on Apr 22, 2020 11:36pm
Fair value
If management can secure an offer for $0.50usd I suggest to all shareholders that you take this. This company has a lot of potential but has been run into the dumps. Would need a miracle or a very long timeline for shareholders to see above $0.50usd without a buyout offer. $0.50 also provides any purchaser an opportunity for some large gains as regulations ease in the US over the next few years. It will also be able to pursue better opportunities without retail shareholders. Buy out gives a win win as much as it sucks for long term holders.
Comment by
GhostmyDck on Apr 23, 2020 7:59am
So you would suggest retail doesn't accept a buyout at $0.50 and takes a gamble on a stock that is trading at $0.20 for an extended period of time, is on the OTC and has the potential to go bankrupt? I am actually curious as your logic behind advising against such a deal?
Comment by
deanthebean on Apr 23, 2020 8:25pm
I agree as well. I'd take a $.50/ share buyout at this point. I sold 1/3 of my position and I'm hanging on to the rest. If it goes up to $.50 I'd sell my whole position and then hold, wait and see.