Post by
metalhead666 on Nov 15, 2024 12:38pm
Best case this drops another 50%
The posters over on CEO.CA are certifiably insane. Even if you bought into the falsehood of the NPV of I80 being $1 BILLION....which it is not....then even a stabilized company at their stage of development should only trade at 10% of NPV or a market cap of $100 million. That's about 25 cents.
But they are NOT stabilized and keeping the lights on is going to be a monumental task. Given all the evidence this is at best a 25 cent stock which will only increase future dilution by 2x and make debt impossible to procure. Once they get delisted it will only get worse.
I80 was a "story stock"....it NEVER should have traded as high as it did...there were no fundamentals to support it only hope and hype
I think it's a ZERO but it's possible it clings to life with shares at a dime or quarter