First day, was sort of expecting this. This has been an illiquid security for quite some time, so I think a lot of people dumped just to get fast liquidity. Lot of weak hands got shook out, but it rebounded back to the opening price of 18.00.
Will be interesting to see what happens in weeks ahead.
By the way, this stock is planning on paying monthly dividends, just as they have been all along.
Personally, I've had this for years. There have been many, many attempts by McKenzie Capital to buy shareholders out at a 65-80% value, so I'm assuming that those who panicked and dumped were being gobbled up by them.
This was just a first day, with no news or PR released about it.
Wait and see! I'm long here myself!
All posts made by me are solely my opinion. DO NOT buy or sell positions based on my opinion, as I am NOT a professional financial advisor of any sort. Do your own due diligence and make your own informed decisions. GLTA, and may your trades be profita
