Post by
tinselfarm on May 14, 2024 5:34pm
Lots of cheap shares to chew through
While the debenture holders do their thing. I suspect these lows are as low as we.go and we start a trend upwards from here. Company should show decent q1 and good q2 numbers. Balance sheet is definitely attractive as well. I for one have scooped up a.good chunk.at.these levels. The recent PP.investors who bought in at 6 cents are gonna want to see a return as well. I would not be surprised to see double.digits by months end then a solid pull after that.
Comment by
tinselfarm on May 17, 2024 11:03am
Reality is the debenture holders are ticked off cause they lowe their 10% interest pmts and in turn get shares with an ACB od 12 cents. Most of them are institutions who are gonna take a tax loss and move on and don't care about the share price. So until they are done pounding their fists on the ground like toddlers this will stay low. Then it will move up and move up quickly.