That's why I've been saying that a lot of people here are still overly optimistic, believing the stock price will increase. Look at what Steve has done for Star—the stock price has dropped almost 80% since he became CEO. To be fair, it's not entirely his fault because the company was already in bad shape when he took over.There is a high likelihood that the company will go into administration, or someone will buy it out at a very low price. Believe me, refinancing is not a long-term solution for Star because we know they won't be profitable for the next few years, and the financial hole will only get deeper. I have sell my shares when price at 0.16 with 60% lost, but i still have some shares, i should sell all at 0.16.
SGR Price at posting:
11.0¢ Sentiment: None Disclosure: Held
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