Tuesday, May 16, 2017 12:07:04 PM
Note holders cant wait for the Reverse Split ,So they can convert those on to shares and sell in masses
I really like the company and their effort to place this derailed train back on the rails again.However, time is not right here to start a position.
It is not wise to touch this before the upcoming and inescapable Reverse Split or 0.01 , whichever comes first
Then start buying gradually , at least that's my plan.Regardless though , if you have a longterm view, you are good , this will not stay around here forever, There is a good chance this will be uplisted to NASDAQ once the RS takes place and debt is significantly lowered or out of the way all together
But this will take time , if you are a patient person you will have a better entry price on this one.
My only concern with this is, CEO. It will accelerate the recovery if Munro is replaced by someone new. There is a huge stigma attached to his name.
Bottomline is, good company, wrong time.
I will let you folks know when I start a position
Good luck all
munimi :)
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