Tiger Reef Inc (TGRR)

[MikeyInTheD]

I think Sitra views the shares as undervalued even at double what they are trading at currently. He established a position with an average price about where we are trading now.

While I do think the news this morning is anything that will help the company be successful over the longterm; there is a high chance we see some very nice returns over the coming weeks and months as additional news is released. The company now needs the share price to be as high as possible. Previously, they needed a suppressed share price to push negotiations along. Those talks were hurt by an increase in volume and share price in 2017. The new creditors want the highest share price possible so the company can raise capital though stock issuance so TGRR has operating capital sufficient to develop revenue generating assets and while paying off the legacy debt.

I am trying to exit my position slowly as share price increases. I’ll watch from the sidelines if this thing clears a couple pennies.