FOLKS ST'a post was posted on October 16th. Although I agree with ST on Management should be buying in BIG time @ these prices. Sweat equity does not do anything to restore market confidence. Management's credibility is gone. It has been a downward spiral since the THM in Feb 2016 management. The latest financing (Public offering) "dispruted" the perceived value of the company by $100M MC. Perceived value now matches the intrinsic value. $ 100M CAD Market Cap flushed away for a measily $12.5 M CAD (9.26 M USD). Criminal!!!!
IMO, the only way confidence can be restored from this death spiral is IF management demonstrates confidence in themselves by buying into the market (>100k shares each). This is when I will take note and demonstrate my confidence in the company. Until then, I sit with what I have.
SHOW ME THE MONEY!!
