Cineverse Corp (CNVS)

[tokyopua]

Thanks Some new positives: they will not be delisted, as of today they got an extension with Nasdaq till June 7th. Worst case they would have to do a RS sometime in late May to get their 10 days over $1. And I have seen stocks like RLJE (similar market cap and company profile) go from .25 to 1.5 in the space of 2 months, so hoping that is what we get here. At the very least it clears up uncertainty for now, which the market always hates.

Second good news is that Merriman came out yesterday with a price target of $1.25 (half that of Piper Jaffray's recent PT) and they also did a calculation that conservatively looked at residual values of equipment and they stated that $0.92 should be a FLOOR price. As in 4X higher than where we trade right now.

I am mystified but I have been buying more down here, sometimes you find mis-allocations like this and just have to weather the storm. My average is just under 34 cents now so just need about 9 more cents to get back in the green, I can be patient....