TSXV:CCD - Post Discussion
Post by
Time4change on Dec 22, 2022 12:00pm
Shareholders are at the mercy of the insiders....
With a market cap of $3 million the market is telling us our assets are worth squat. That seems a little extreme but this is what we are priced. We have a clean balance sheet. No cash to do anything.Yet, we do have some assets that might be worth more than what the market currently has us priced. If AUM really thought we had something worth pursuing you would first think they could just offer us one cent premium (100%) and take us over. Problem is the insiders probably own well over 50% of all the outstanding shares and control the outcome. So it is not what is best for shareholders but rather what is best for the insiders that will eventually decide our fate one way or the other. This is not all bad as long as you have a great amount of patience which looks like we have since we are still here. Oh, while waiting we could still get a 100:1 roll back.
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