"Naked shorting pushed it down from 1.20 to 50c, twice now. The stock should be 1.20-1.40 at least. Its trading almost half its NTA."
ehehehehe, sure VBA has been naked shorted. Did you sell out when it was 1.25? or did you hold and load up at .80 like you said you would?
I don't see any hope for VBA, they have too much debt and they will be unable to earn enough money to pay off the debt, in their last report, they said they are entering a difficult period for afew years, cutting out the dividend. Only hope for them is debt forgiveness in the form of a government bailout.
I was watching the news last night, QAN just order a heap of those new Air Bus 380's? I think thats them, the real big ones, whats VBA done?, they ordered a whole heap of little Embraer E170's lol, too funny, how are they going to compete with QAN on the international routes when QAN is flying AIRBUS 380's?
Saber I am not short VBA, I don't even know how to short.
VBA Price at posting:
37.6¢ Sentiment: None Disclosure: Not Held