Post by
modulex on Jun 30, 2022 12:26pm
MDF IS TRADED QUITE A BIT BY USA INVESTORS
Yes, obviously the sharp decline in the share price is OVERBLOWNED. There is definitely some selling pressure from shareholders south of Canada's border.
It is irrational to have encountered the recent spike near CAN $3.65 and suddenly a $1 + crashdown today on the announcement of predictable impairment charges and related PERISCOPE. On the revenue trend, the stock doesn't deserve such a beating.
An american outfit will most likely take the company private.
Comment by
horseshoefalls on Jun 30, 2022 12:45pm
The fear in that case of course is at what valuation?
Comment by
modulex on Jun 30, 2022 12:50pm
Looking at the financials of this company and a U.S.A. buyer down the line, obviously not less than CAN $5.