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Monday, July 31, 2023 7:06:26 PM
So expressed another way: who in their right mind would acquire more shares in a company whose management does not provide sufficient updates; is well past what would be considered customary for RA submissions; it’s liquidity and funding are uncertain, and the share price continues a downward slide? Let’s not even talk about when there might be a listing onto a major exchange?
Mav has some legitimate points to consider. Something is just not right — how long can the proof reading go on? Really wouldn’t be surprised if there are no approvals until next year. August is very slow in Europe, and once you get into the holiday season in the 4th quarter, good luck.
At $1 a share, I would begin to unwind my position. But when was the last time we realized a share price above a dollar? These are dark times.
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