Post by
Cheadle12 on Jun 03, 2021 12:57pm
hmm...this is fishy.
Stock popped up to $1.44, then stuck there.
To me, this happens (like PONY), when there is knowledge of something (A&D, M&A).
25% gain from that figure is precisely $1.80.
To me, $1.80 is the current buyout value of Crew if the debt is accepted (the EV value).
Coincidence?
Comment by
Oldnagger on Jun 03, 2021 3:13pm
Not really, Pony went at a 30% premium , but after rising, it was dragged down about 15-20% before the offer came in!!
Comment by
Cheadle12 on Jun 03, 2021 3:28pm
It's stuck at $1.44/$1.45.. I like it.. support! Finally. 25% from here is $1.80. We've done well! I bought more ARX today, I think it's seriously undervalued..
Comment by
Oldnagger on Jun 03, 2021 4:04pm
Crew is sticking out like a sore thumb (or is it like a rich plum) The downside risk may be 15% but the upside would probably be way more than 25%. There is no analogy here to what happened at Tainted Pony.
Comment by
Oldnagger on Jun 03, 2021 5:54pm
You missed out the part about CREW buying Tesla from Musk in return for enough hydrogen to fuel his 3 bedroom house and garage for the winter.Of course we should keep a lid on this rumour for a few more years !!
Comment by
Cheadle12 on Jun 03, 2021 6:56pm
It's all fun and entertaining..but BTOS it makes even more fun that our stock continues to climb! These are plausible theories.. Imagine if Kelt / Crew merge now, all stock deal for $1.80 per share and assumption of the debt.. then as the new Kelt doubles in the next 12 months, that puts Crew shares at $3.60 from the $1.80 price. Not bad hey?