is this stock worth holding?, page-5

  1. 9,544 Posts.
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    I am really saddened to see the share price where it is. I have copped a hiding on it before getting stopped out.

    Don't think anything is fundamentally wrong with its products but it has run out of buyers. You can't keep favouring one shareholder (Springtree) over others without losing their goodwill. Springtree keep lending money to the company, the company issues discounted shares in return to Springtree, Springtree sells on market, driving down the share price and re-lends the money back to the company and the cycle repeats. Rinse and repeat. Each time the cycle repeats Springtree drives the share price down lower and lower.

    Terminating the Springtree agreement for PRR and BCC did wonders for their share price (among other factors).

 
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