Post by
HotDiggityDogg on Nov 18, 2021 2:42pm
what do you guys think? ( Educated answers only )
I can see that there is semi-impressive support at $6.30 and while personally I am super disgusted by the performance of SP personally, I have always thought weakness in stock price brings about mergers. Do you guys ( Speedy, Budd, Monty, etc..) this is a realistic expectation as a way to get out of this mess? If so which companies would be a candidate and if you don't see a merger in the cards then are we right to assuem continued weakness until next year?
I further think it is safe to assume CEO will have some sort of news shortly after closing of the $65 Mill bought deal. He wouldnt just sit on money he is borrowing at 5.5%. My guess is buying the rest of Circle or Wisp, etc...the amount is not big enough to do something too impressive burt would be a nice move with a follow up to perhaps IPO those two together.
We are all witnessing the bear case right now,,,so perhaps a conversatino on the BULL case could provide some much needed investor confidence.
Good luck to everyone,,,we all need it...( I am personally very close to my stoploss )
Comment by
HotDiggityDogg on Nov 18, 2021 3:51pm
Good points,,if I don't see a signifant catalyst and bounce back to 8-9$ in the next 3-6 months, I am moving on. I think CEO is looking for a merger or something of that sort given the amount of shares insiders hold and their inablity to sell without further crashing the stock,,hence my curiosity on the matter.
Comment by
HotDiggityDogg on Nov 18, 2021 5:18pm
Very good points. Thanks for your input. In an ideal world, I would like to see a Merger of CARE and WELL, and a NASDAQ IPO,, followed by a huge takeover bid by one of the big names in U.S for each part of WELL. Imagine that !!