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Tuesday, December 28, 2021 4:16:06 PM
So now that I've pulled back ~40% of what little I lost in SIRC earlier this year, and my 30 day wash sale window has closed, I'm a free agent once again with this stock. Currently, I'm 51/49 in favor of an upside case **at current pricing levels** around 35 cents, in part due to my assumptions around the convert and warrant holders projected activities during 2021 based on where I see things today.
The rosy picture you paint for SIRC's common equity relies heavily on Company management credibility, which I'm not willing to extend much credit on currently. The recent CFO hire was a huge disappointment given the alternatives the Company could have pursued. There have been several serious gaps in performance - good luck to those who blindly believe.
The stock at this level may be a flier worth a bet with expendable cash that I could lose 100%, and that's how I see it for now. If I buy shares near term, I'll notify the board purely for entertainment value. I've never been short SIRC, and never will be. That's a fool's game. I'm also certainly not here to tell anyone to risk their capital in this equity. I'll leave that to others here to sell their story.
Happy New Year to everyone.
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My comments and implied views are provided for entertainment purposes. I am not a certified financial advisor and I am not qualified to give financial advise. Please do your own due diligence and make your own decisions.
GLTALs
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