Re: We Need The Futility Analysis
in response to
by
posted on
Feb 06, 2018 05:55PM
Don has a fiduciary responsibilty to try and deliver shareholder value....or to at least put forth best efforts in that regard. I've expressed the opinion before, it seems to me that the company does "just enough" so that they can say....'we've done investor conferences and done presentations, hired an analyst to review the company, two in fact..." But then they go....and whatever positive steps they make, they undercut themselves by making simple brain dead mistakes.
I've seen plenty of cash poor companies do yeoman's work in attracting investment....timely and accurate communications, engaging IR types to introduce companies to the investing public....often times its over the top. But with Resverlogix its the polar opposite of a cash strapped company putting on the Sunday Best suit.....As a company Resverlogix to me is like a disheveled uncle in a moth eaten sweater who doesn't care.
So why? I can only speculate that there are individuals who want to control as much of the float as possible. But a rising share price attracts attention and can lead those holding their shares to tighten their grip.
The number that's typically punted around is 50 million shares with respect to the public float. At $2 those shares have a total value of $100 million. Take the PPS to $20 and now we're talking $1 billion.
Nothing to do but sit back and wait...