Post by
Lonegaurdian19 on Nov 07, 2022 1:39am
Layman’s finance
KH thought the SP was undervalued (likely because of the letter to shareholders which proved it)
Finance 101:
Say AOI was trading at $1 with 1,000 shares
The letter to shareholders said buyback 10% for the best ROI
Keith being the remedial fool listened
He announced the buy back and went all in
Because AOI has a low float he went aggressive, so he went short term. Low float plus sudden demand equals price increase.
If when this idiot agreed AOI was 20% undervalued you would thing $1.20 was his ceiling
Never underestimate a moron, we have now far surpassed that.
So awash in cash, what do you do?
Notible KH quotes:
"Kenya should happen by the end of the quarter"
"470 million shares insures liquidity"
"we are actively looking for producing assets"
this man makes Biden look like Einstein
Comment by
DAGUY on Nov 07, 2022 8:42am
Nice thing about life is choices. You have a choice to invest in a stock or not invest. You have the choice to sell a stock you don't think is good anymore. You have the choice to sell a stock you don't think management is doing a good job anymore. You have the choice to buy a different stock that you think is better... Choices. :)
Comment by
Lonegaurdian19 on Nov 08, 2022 12:32am
Hear ya, There is also the choice of electing leadership. If you think they are doing a bad job voting is important.
Comment by
Lonegaurdian19 on Nov 08, 2022 12:59am
Hopefully with the new COO he resigns, look at 10 year performance, he should have never retained that position but Lundin was in his last years o think KH exploited.