I've been on board for about 6 mo now- my ave. cos
Post# of 1514
(Total Views: 1114)
Posted On: 06/02/2017 9:58:10 PM
I've been on board for about 6 mo now- my ave. cost is low 20's so I am fine. Its just annoying that a stock which most people feel is way undervalued stays undervalued. I shouldn't complain, since it has given me time to build a large position.
When the debt to preferred stock conversion is announced, the revenue will shift from servicing debt to shareholder value at that time. It should measurably start to fall together as Gurba has claimed in the fall. Continue to buy on the dips when you can; that opportunity will dry up when least expected (who predicted it would triple this week alone- not me).
There are a lot of enthusiastic investors these last few days who have been reminding us this stock will be in silverland before you know it. The market usually does not accommodate this type of consensus as planned. Let the real fundamental do the talking.
When the debt to preferred stock conversion is announced, the revenue will shift from servicing debt to shareholder value at that time. It should measurably start to fall together as Gurba has claimed in the fall. Continue to buy on the dips when you can; that opportunity will dry up when least expected (who predicted it would triple this week alone- not me).
There are a lot of enthusiastic investors these last few days who have been reminding us this stock will be in silverland before you know it. The market usually does not accommodate this type of consensus as planned. Let the real fundamental do the talking.
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