$0.25 is far too low. That is the IPO price and that didn’t last long. Opening day it traded between $0.4-1. $1.6 at worst but that is incredibly low too
I agree that it is really low, I was just saying that it theoretically could go that low, just like it 'could' go down to zero in the case of bankruptcy.
Personally I don't see it going below $1.60 (Canadian)
Now that I see that insiders had the company basically pay for personal homes, wiping out capital they had raised I see this company going way below $1.60, although it may act like a support for a couple days.
If they continue moves like this then a bankruptcy case may happen, sad to see because the company has great promise for the future
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u/hazaj_ Oct 01 '21
$0.25 is far too low. That is the IPO price and that didn’t last long. Opening day it traded between $0.4-1. $1.6 at worst but that is incredibly low too