It looks to me like it might take 2-3 decades at this rate to get back over 8c IMO. There has been significant dilution since it was last +8c.
Hows about the company just try and get back over 1c first which even that seems to be very difficult at this point.
The market is waiting to hear if Grapple has accepted the loan book. If that falls over expect another CR = further dilution at suppressed prices. If it falls over it will be The Perfect Storm. Already low SP with tax loss selling getting underway with no reprieve until end of June. Then, whammy throw in a diluting CR into the mix. I pray baby pray all day and night that this scenario doesn't play out, obviously. But that's what I think is the likely alternative. If Grapple accepts it, it's good.
Warmest regards,
PD
SPX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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