NFE is now around $0.066/share and that gives us about $32Mil market cap. The company has around $20Mil. in cash. Sure the company ows $100Mil but it has oparating mil and is still making money. I believe someone has decided to sell ( large shareholder) before the end of FY - we know the story right and this is the result. I see it this way: any company will have debt at the begining so why not owe NFE? Top 20 shareholders owe over 90% of the company and hopefully will support the company if needed. I see NFE as a Long Term holding.
good luck
DTZ Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
