Past performance is a guide but not an indication of future performance.
The nature of the shell game is that it's all about an unknown future entity, usually in a different industry. It has a greater unknown (up or downside). Many resource dogs have been revitalised through an RTO (that's why I'm here).
Sure, the doing nothing part is not helped by the cash burn rate. Most RTO entities conserve cash particularly salaries. It incentivises making the deal.
That's why shares in lieu of payment (at a premium) to Baycrest is interesting (depends who had the option of course).
That's the risks you take with shells. Important to select shells & manage risks appropriately.
CDB Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
