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Wednesday, August 22, 2018 2:33:47 PM
Steve did a fantastic job cleaning up the balance sheet with only 20% dilution. The correction here is going to look real damn nice. And with all of the new value added to the business since a year ago - wow! Yes, it's going to look real damn nice over the coming weeks and months. Long's supported the company - AND the CEO - through it all.
Steve absolutely did what's best for INVESTING shareholders over the past year - no doubt about it.
THAT'S why there was only 20% dilution. And THAT's why we we've got one heckuva price correction to look forward to, and then a price improvement above that to begin reflecting the value added over the past year.
And yes, I'm sure many flippers made their money too. Impatient day traders and swing traders... well, they made their own decisions - some made money, some lost money. That's just the game they play.
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