Well with all this averaging down I've been doing over the past 4-5 months, today is sigh of relief. Perhaps bittersweet considering the sp still, but the SP will work itself out.
If you put all the pieces together, such as the companies forward looking statements and Kates share purchase at that point in time, the narrative does gain consistency and promise.
When you add in the cash flow positive aspect, (not to mention there's another tender happening that will close soon) this is going to be potentially bouncing extremely hard.
A lot of people were locking in profits today and I think some were riding the wave to potentially get out as well. As soon as I saw the ann. it was ovbious that there would be a shitload of selling. I haven't sold anything and I don't plan on selling - lots of potential and it's a nice turnaround.
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