what people do not understand is the corona virus just pricked the biggest economic bubble central banks created in history both corporate and private.
we are at the beginning of the greatest depression the world has ever seen. any corporation or private individual loaded with debt or with not strong financials will be wiped out. we are all about to get a valuable lesson of a lifetime.
the world has changed in 4 weeks and a massive reset is about to happen with many businesses and private individuals about to get wiped out.
unfortunately for G8 they are loaded with debt and during a health crisis, there customer will keep away. think about it, if people are working from home, why would they take their kids to a childcare centre and risk their lives.
raising capital will be extremely difficult, if this lasts 6 months, I can't see them surviving.
the market is telling you and has been for a few years by their share price. go look at a chart. the chart tells you that this thing is going down.
and no I don't have a short position, sometimes take a loss and preserve what you have as losing 60% is better than losing, 70,80 or 90% of your money.
GEM Price at posting:
67.0¢ Sentiment: Sell Disclosure: Not Held
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