Hey Art. The markets are on a knife edge so from a market perspective and what I recall from the 08/09 crash, no stocks got through unscathed, so you may be right. As we all know tho good stocks with good fundamentals got hit but rebounded STRONGLY once confidence came back.
On a micro level, this cash gives certainty and confidence and I think it's a sound strategic move from management to strengthen up the fundamentals at this time.
From what I can see, there has been no shorting to date since early Oct 2021 - despite the recent highs.
I for one will not be selling, rather I will be buying when and if it does get caught up in a market correction.
glta.
BEM Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
