Post by
Contrarian333 on Aug 23, 2023 12:48pm
Trade
Still think there is a trade to be had here in a relief rally off of news of financing and/or non core asset sale.
Comment by
pennyflipping on Aug 23, 2023 9:18pm
I'm pretty sure that well dried up. This company is in breach of their covenant and my guess is that they will be offered peanuts for any assets they sell. They also only raised half of the 20m in the financing and it almost certain private placement holders will dump their shares when the month is holding up periodically expires.
Comment by
Contrarian333 on Aug 29, 2023 9:50am
I could be wrong but I think they have enough support from existing/new shareholders and enough monetization options that they will be able to satisfy BMO and that will be enough to provide the relief rally which I am planning to trade...........
Comment by
pennyflipping on Aug 31, 2023 7:34pm
So you're a trader who will become a long term investor when that doesn't play out and goes sub 10C? A trade is buy it now and hope to unload to the average down bagholders for 16c when payday rolls around. Lol