Notice I didn't mention Xebec.
tamaracktop wrote:Purely out of curiosity, and a modicum of intrigue.
Cielo has 660 million shares outstanding, fully diluted.
Its P/E ratio is -28.8.
Its recently twice delayed numbers involved a reduction of 2019 and 2020 revenues to three thousand dollars.
2021 revenues were $4,200.
Its trading at 68 times book value.
It has $2.11 in debt for every dollar in equity.
Its return on assets is -36.26%.
Its return on equity is -$167.97%
It has a working capital deficit of -$700,000.
It lost $39.7 million last year.
At the close today it was cap'd at $442 million.
I'm sure you probably brought in more than $4200 last year, and you probably didn't lose forty million dollars, and the chances are good you aren't worth $442 million.
You wouldn't be reading this.
Why does anybody here own this?
There must be something I don't know.
There must be a lot I don't know.
It seems very likely to me you'd probably be better off investing in yourselves.
I posted that on September 24th.
The stock closed at 63 cents that day.
A poster here immediately derided my negative opionion.
On the 27th, I replied:
"I'll be brief"
"This stock is finished."
The stock closed at 43 cents that day.
I have no stake in this.
I have no alterior motive.
People who bought Nortel at $100, or $20, made the right decision if they sold it at $2.
It went to zero.
If you sell this and move on, not only will you save yourselves' some money,
you'll feel an immediate sense of relief.
Closure.
I'm certain of it.
Take your money and buy a good stock that you'll enjoy owning.