Share
637 Posts.
lightbulb Created with Sketch. 2
clock Created with Sketch. 25/02/17
15:08
Share
Originally posted by Teringie
↑
Quarterly report was crap. And I am as disappointed as everyone. Not quite the 400% increase q on q that I was hoping for. I still can't believe Joanna's comment from last quarter commentary that the company is in the best shape ever. They need a new presentation to explain exactly what's been going on. People will panic on Monday and sell. Will probably see 15's again which sucks, but we still need to consider the 20 cents per share cash backing. Another terrible quarter and it's 18. But it's still not panic stations. They have time to turn it around, I hope it just happens quickly. My patience is drying and my buy is being downgraded to a hold, but to sell now for a loss would be a mistake.
Expand
Merchant's paper loss is about 890K based on the current price , I think they have still have patience to play the game.
