Post by
BearishBull01 on Oct 31, 2016 12:48pm
A lurker
I have been lurking this company for the past three months I have a sizable position between .025 - .01.. it is unfortunate how the company has slid so far down from its Heights. That being said those were going to make the most are the ones who averaged between .03 and .01. The news release for the debt re-construction will have a very high impact on the share price in the next few days. The company has 20,000 students plus hundreds of employees on it's payroll. there is no way that the management and the lenders will allow the company to fall completely out of existence. Alex McGregor has done a phenomenal job in bringing back the potential the company can make once again and he has brought confidence in bank of Montreal and it's lenders to proceed with the current new plan of debt reconstruction. This will be the last week that share trades at about two cents and hopefully by tonight or within 72 hours the news gets released. There is no doubt that the management has accomplished it's debt re construction because of the great quarter it had by cutting it costs and streamlining profitability and progression.