Post by
Snakebite18 on Feb 18, 2021 9:36am
Necessary evils
Sometimes you need to step back to take two forward. The new team has more than proven themselves to be more than competent enough to take this company to new heights. Their track record so far more than proves that. This was only a, couple of months ago at .02 cents, and stalled out. Now as high as .12 cents. Everyone wants a deal these days, so it wasn't a shocker to see a deal done .065. I've said that .07-.08 range is where it should be. Always a initial shock factor when a financing deal is done, but long story short, all will be fine. Let's see that next quarterly and year over year then make some decisions. I suspect most of us will be more than pleased based on what they've done already. As was said my portfolio looks good as well, so I can let this simmer for a bit
Comment by
campst on Feb 18, 2021 10:18am
Too many people are 'shocked' when a financing occurs IMO. One reason is inexperience. Debt, equity, retained earnings - those are the options to fund expansion. Lots of thoughts to be drawn from this round.
Comment by
Snakebite18 on Feb 18, 2021 10:28am
As they say, you have to spend money to make money. Not worried. Seen this scenario to many times to worry about now. It'll play it self out.