Post by
Jabookie75 on Jun 21, 2016 8:32am
Got my tickets
I know lots of folks are frustrated on this one and I would be too. Non-stop down trend and pretty inept management. I lost big on this back when it was BNC and they sold the animal helath off for spare parts. Took a huge hit on that (bought mid 0.30's and unloaded at 0.20 I think).
Either way, I moved into GEN.TO and took a massive hit on that too. Averaged down continuolsy from 1.00 to 0.10 and eventually sold out around 0.05 as I thought they were going bankrupt. I am not saying TST will play out as GEN did but check their massive consolidation at 0.01 and 0.02 bafore they announced their restructuring. Very low volumes and then it ran like crazy on the news from 0.02 to 0.30. I made about half of my losses back on that run (sold many of my shares at 0.04, 0.10 and 0.20 but all from 0.02 cents so it worked out well).
I am not saying that TST will do the same but the risk/reward seems favourable here as they are trading at a discount to cash and market is not assigning any value to the MCNA asset at all. This to me, is an opportunity. It may be dull as we wait but when news, momentum and volume come, this could really rip. That said, GEN had 55-60 million shares so it could really pop. THis one has 300 million so it may not be as dramatic of a pop. But that said, I am hoping for at least a double here and want my revenge trade on this name as well.
Good luck all.
Jay
Comment by
blartar on Jun 21, 2016 9:26am
hope your right ! but watchout for them to fill their OPTIONS basket @ around .10 before they make any positive announcemnet. JUST A BASHERS OPINION. GLTAL
Comment by
higgsboson on Jun 21, 2016 9:31am
more OPTIONS you say ? DO THEY DESERVE THEM I say THEY DO NOT they say they are working hard but with NO RESULTS they mention "shareholders" but only paying lip service as in "putting the lipstick on"
Comment by
terr2 on Jun 21, 2016 9:39am
Aside from "F" "A" could someone please tell me what management has done to EARN any options, thanks.