100% it is possible.
This at least initially, is not a situation I would like to trade, especially with the gap up.
There is limited initial upside, due to the run and plenty of downside especially as I am not mistaken a CR will have to be on the cards at some point soon. Whilst they still have circa $2million in the bank, raising at ATH will likely be too tempting for the board.
This of course is just my opinion. I wish all those involved the very best and for their sakes I hope I am wrong.
I'll be at the desk for open today, and still holding my SXG buy from the lows on Friday.
I hope everyone has a good week!
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