Friday, December 08, 2017 11:32:35 AM
I voiced my concern that this felt like a wash, rinse and repeat based on the recent RS, but she made a very good point in response. She said the toxic debt situation has been a learning experience for everyone and they have been doing their best to get rid of it and that we are very near the end of it. I say that was a "good" point because it was honest. She didn't give some canned response with the definition of a RS and why companies sometimes do them(trust me, I have heard that plenty of times). It was more akin to, we know we got ourselves into a mess with this, the market reacted, we are fixing it, and we are almost there. She also said they would issue a PR addressing it, which they did this morning.
As I said in the previous post. It is not something that is going to happen overnight. If approved it would have to get approval like last time, which took months. For those of you thinking or saying it is going to happen on Jan 9th you are mistaken. It may be approved by the board on that date but it would still be subject to the FNRA approval process, etc. Months.
The people here that watch level 2 and don't rely exclusively on Ihub posts have been watching a significant amount of buying since yesterday. I personally thought we would have closed in the teens yesterday and was pleasantly surprised to see how it held up.
If you are a long term investor you should ask yourself if you believe the company is headed in the right direction (have they done what they said they would over the last year with reducing debt and cleaning up the balance sheet, etc). If so, does a RS really concern you that much if they wont be diluting into it again as they have in the past? It should actually stabilize the SP and strengthen the company's footing.
If, on the other hand, you are in this for the short term play, then why are you even concerned about a RS that is likely months away? And what is different from last March? It seems very similar to me. This thing will pop long before that and you will be on to the next play before it ever happens.
Anyway, everyone needs to decide for themselves how they spend their money. Just be very careful of the people here who are trying to "help" you decide. If you are uncertain then pick up the phone and call the company. Just be polite and ask legitimate questions and you will be surprised how much real information you can get. I'm guessing that a lot of the folks that knee jerked and sold yesterday are putting buy orders in today. Somebody sure is scooping up shares :) GLTY!
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM