Whether it’s dead money, it’s in the eye of the beholder. Investing in the short-term or long-term can influence differences of opinion. Long-term investors understand Falcon’s underlying value, also understands the hurdles Falcon has yet to overcome, and Falcon has 12 months to accomplish that.
We all wish that good news would appear soon, but wishing doesn’t expedite negotiations in JV talks, although a breakthrough could happen anytime, but also could drag on into next year.
Back to 15 cents you say. No surprise there, to induce a selloff, the ‘backroom boys’ keep churning the same shares among them week after week, all the while the price is spiraling downwards. However, all for naught because we the long-term investors not going the hand over our investment to the Instos or Burlingame or Renova or whoever they are.
As for RS?
No, there is no good reason to do so.