Post by
greenstar1 on May 12, 2023 11:49am
Trying to Find a Silver Lining
If Electra's viability survives this mad storm, then maybe a silver lining will have been some weak hands leaving (although I feel sorry for all who take a hit when leaving, including myself if I bail after a few years of waiting). I think it would also be nice if Electra was booted from the NASDAQ and just remain on the TSXV where it belongs. I can't see the benefits TM said NASDAQ would bring and I don't think this company has what it takes to be worthy of NASDAQ, at this point in time anyway. In my opinion, Electra tried to move ahead too fast, too soon and with too many initiatives - throw RS, COVID, inflation, supply chain issues and incompetence on top of that, and the result is a toxic mix - hopefully recovery is still possible from this day forward.
Comment by
MTwallet on May 12, 2023 1:44pm
It had nothing to do with them moving too fast, this was a perfect storm of rising interest rates, tighter financing, rising labour market and supply chain issues. Their downfall was poor execution and now some major company will buy them out for Pennie's on the dollar.