i factor in time. Hence assumption is between now and end of year they do a deal of some sort which is accretive to a value of over 30% then R/R/time equation stacks up. 30% return in a quarter which annualized rate is 120%. The absolute 9my projected) return on COI is not attractive. I have been here for nearly 10 months (didnt stick to my rules to exit all position using time stops). If you are sitting in this stock for lets say 2 years at say 15c and get an outcome 25c, 66% return. Sorry for me that is very sub par in investing in an illiquid small cap stock. These plays where upside is 30-60% based on corporate action time / timing is the key to your return.
COI Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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