Saturday, July 24, 2021 11:15:38 PM
My thoughts are if they can show an earnings that allows them to be seen for the first time to the public/retail market as more than just a patent troll, it may be its last shining beacon. They have shot & missed, the NAS debut- bust! Fin Media Pumps- bust, lawsuit filings- bust. If the earnings flop, they have zero catalysts on the horizon. What are shareholder to look forward to?
The NAS listing was a long awaited & hopeful start of the next stage. Instead we see what's happened. My expectation is the release takes it to new 52 week lows.
In regards to "broken financing" Engine did manage to get debt to equity conversions & sell shares for the private capital raises. Those buyers are now underwater, and I'm sure they have the pockets to withstand the wait. What they did fail miserably at are those warrants, which to my knowledge had auto conversions at $15/$30 if the price maintained. That would have been a significant capital raise but the likelihood seems highly diminished now. Will be interesting when this ticker becomes shortable & what then occurs. The short side has been minimal since the debut.
The upside here will now become like the frenzy Wednesday trading that occurred. Pump quick, sell hard. Retail will be looking to ease those bags..or heck some may be loading up & waiting for any bump. One thing for sure, you're not going to see the 1x-5x that the IBs in Canada touted to their peeps.
This will find it's trading channel/range, as the volume normalizes to average...GAME 4Now Over!..watch for the share printing press to be turned on, keep your eye on the O/S!..Good Luck & may the Kings bless you in This Duel......Fin!
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