Feels like they rejected the QIC deal with the expectation of the $8M at 4.5 cent CR (not great but not terrible) but this then fell through leaving them at the whim of the market and so had to take the terrible $4.9M at 4 cents! Everyone understands the need for cash but that bullish rejection of the QIC deal with the promise of better/cheaper alternatives, just one week ago, was a serious misstep IMO. Here is hoping for a better start to 2025 as 2024 has been mainly unmet promise, at least in regard to share price performance!
EQR Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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