Followers | 87 |
Posts | 5502 |
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Alias Born | 07/06/2014 |
Tuesday, February 07, 2017 6:17:36 PM
These promotions may tout great balance sheet, etc., but as a warning, they have now just taken out two loans that go out 6 months allowing for conversions at significant discounts. So, the company is not free and clear with all the cash it needs, but is in need of cash. While I am bullish longer term, I am not necessarily counting on a big run-up like I am reading here on the board. If it were to occur, I would take profits, the amount relative to how much it is able to do so. But there was a lot of churn today without much movement in the price which I find interesting.
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