forget your bullish hammer Steve and let’s be real. Would YOU PERSONALLY buy out this business for 62.5M, which adds a ~25% average premium for takeovers, for this money furnace?
imo only an moron would pay 50m as it is.
each to their own but their position in the supply chain puts them at the forefront of margin compression in the current market environment. This company also will have an impossible task heading forward managing the bull whip effect.
It’s no wonder they did a CN for a raising. That’s last resort type of stuff so you bet your bottom dollar that the share price will be even more vulnerable with these type of financier vultures.
I wish I could say I feel sorry for holders, what what did people expect? A retest of the low shouldn’t be an unreasonable expectation. To make matters worse, this stock is already 50m and at.019. Big cap and small price will make more volatile moves and make it a harder trading vehicle. It’s no wonder dt sold at.028- he wanted to get the highest price possible while he could, reasons be damned!
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