We have yet to see any details on where this is going but things have been running pretty close to the edge for a while. I also got out of this stock a couple of months back, for a pretty solid loss overall, as it was starting to look like it would need the ongoing support of major shareholder. It was just not getting its head above water.
When things get to such a point there is too much risk in my view, I always wonder what the real motivation of that shareholder is and whether they are willing to carry all other investors hopes?
I figure a loss is better than zero. Lets see what eventuates, could be wrong. If it is more capital, in the form of additional equity, this will most likely be at a discount and further erode existing shareholder value.
Im happy to sit on the sidelines and see if this company gets profitable, only then would I be interested in dipping my toe back in on this. Lets hope that opportunity comes.
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