Savvy Trades and Investments

[maxluke1]

AP - took a small flyer at 0.81 here. Institution(s) likely unloading down here.

Financials are a mess and have been a mess for a while. Worth noting:
-new equipment/upgrades coming online soon that should increase efficiency
-asbestos liability is tricky to assess (VLN.TO has a similar issue and I'm trying to use that as a comparison point)
-company says liquidity isn't a problem for the next while
-conference call for Q1 2024 was pretty similar to Q4 2023 and now they decide to sell it off?
-there was a one-time impact of an incident at one of their plants in Q1
-book value is certainly there

Very curious to see how low this one goes before bouncing, as I don't think bankruptcy is imminent, but could be wrong.