I dont know at this point... I followed this back in the late 00s when it was at levels we would dream of to watch it crash down to .22 cents? Did well from $3 to $4, then was chipped away at when it went from $$3to $2, and dabbled on dips etc until it hit the .80s
Been waiting for it to stop sliding but all I see is assets being sold, market conditions not favorable and unfortunately another 'victim' of China's voodoo.
It is my hope he (GE,George) is rightsizing this beast so it's again profitable and I would welcome a share reduction. The float is ridiculous as are the authorized shares.
When this comes off Nasdaq its game over for a while until or unless it can show profits. a penny here and there are not going to cut it. I HOPE he's not positioning himself to be 'private' if they had to file BK. As you've stated, GE has a big share count so it'd hurt him too, unless he "owns" all the assets, then it's just a matter of changing names and all the debt goes the way of the shareholder. To the bottom.
Again, Hope I am wrong, but its hard to keep watching it just get killed week after week.
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