Yes Adam, that would be helpful, and a good result.
I'd hate to see them taken out for anything less than one (1) dollar, but that would give them a market cap of $1.3 billion or thereabouts, not unreasonable I'd think, but a good result.
If anyone wants them though, now is a good time because they'd probably get away with an initial bid of around 45c rising to 50c - so it'd be a good buy. But in a few months it's going to be over 40c, so they'd need to stump up more.
It's a shame that over the years SXY has had a manipulated stock price, and if you follow the movements closely you can see (or even identify) the behaviour of certain algorithms over time, I'm presuming from the same fund/broker/investment/short entities that latch on to a stock like a leech until they bleed it dry.
Perhaps it's time for a capital consolidation, maybe at 5 to 1, or 7.5 to 1, that might stop the manipulators, because they only target stocks with good liquidity.
Anyway, by the end of 2020 I'm expecting this to be over 40c, so just a little more patience may be required yet.
Gw
SXY Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
