Post by
tamaracktop on Jun 03, 2022 12:29pm
If you take comfort, don't
If you take comfort in a bid for 269,000 shares at $0.18, your confidence is misguided.
That's less than 50 grand of stock wanted there in a company cap'd at $119 million that has no revenues, is trading at 3.6 X book value, and has a return on equity of -228% and a return
on assets of -129%.
That bid could be gone in a heartbeat, never to return.
If you own this, that bid is for taking advantage of, not for taking comfort from.