Spartan Delta Corp T.SDE

Looking to start a position here..

[nbastar1986]

Why is this company so cheap?
The balance sheet is amazing and management have a proven track record of building and selling great companies.
this pricedoesn't make sense and it kind of scares me off.
any feedback?
thanjks

[hawkowl1]

Well for one thing they are on the Vancouver exchange. You can get away with more details on Vancouver.. Its a small potato exchange.  They are not trusted by certain institutions.. Its all about disclosure. You would think they would be @6 by now..Very frustrating. A couple of directors have been described as shady.. I own some and wondering if I should just dump this dog and move it into

[nbastar1986]

Interesting... what's shady about them? I reviewed their corporate presentation and the last 3 Spartan companies all performed relatively amazing.

[TouchDown12]

Nbastar - don't know aboout the shady folks spoken for by another poster - but the assets are all excellent except that all were more or less purcahsed at a discoount out of banckruptcy - so they have stigma that will take time to repair. I statrted buying shares once i saw their vision on the former BXE assets (Spirit River). I know those aseets - and i understand how the past mangement

[nbastar1986]

Good points. I really like that the company is projected to have a cash surplus on the balance sheet by end of 2021. It's already free cash flowing, no debt, great management history.  I'm guessing it's just unfollowed right now. Maybe the market wants to see actual performance for a quarter or two. either way, a position around this level is appealing. I'll buy in