While we don't agree on many things, I do agree with your price predictions of a mid-30s opening, followed by a decline, likely into the high 20s. That will be very interesting for me to consider taking a position at that price point.
Star is facing significant headwinds, many are due to hitting known icebergs , but some are not, and will inevitably turn around (interest rates, consumer sentiment, appetite for risk). That being said, we will need clarity from the board on what has happened, what is happening, and what they plan to do about it. Is another discounted CR needed?
Anyway, I am a catfish for my speculative stocks, but that doesn’t mean I eat sh*t—it means I am a bottom feeder, and there’s a big difference. I wouldn’t be interested if SGR was a hopeless case. It may turn out that way, but in my opinion, it still has assets worth more than the current market cap, and almost certainly more than what we’ll see when the market opens. However maybe SGR cannot be refloated and assets will be sold off to blackstone or whoever, the next month will be interested.
(20min delay)