More likely headed back to new lows, unless the company press releases a material/accretive event soon. However given their track record I’m terms of how frequent we see press releases, it’s probably wishful thinking to expect anything for another 3-6 months, or longer.
What a shame too, because that last PR should’ve been considered good news. However, the company has so badly damaged its credibility by lapsing on every single real estate LOI, and the one insurance LOI, that the market laughed in their faces when they had the audacity to PR another one. Company hasn’t accomplished much of anything in over a year besides the Nsure Investment. Real estate? No. Insurance? No. SEC registered? No. Nasdaq (LOL)? No.— All of Ezra’s big talk has been just that, talk.
And once again, they unnecessarily put themselves in a vulnerable position by placing another artificial deadline on when the acquisition will be closed by. Let us hope and pray that they actually meet this end of year deadline, because if not, that’ll be a death sentence for this stock. Any shred of credibility will be lost, at least in my eyes.
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