Of course it might just be FS taking an opportunity to bring the average on their holdings down a little?
I suspect they would like their time here again, irrespective of how bullish they may feel about the enterprise. Going so hard so early, has made it difficult to bring that average back to something within a far more palatable range. So far, by my calc's, they've managed to bring it down to $0.247.
And in a way that is where a small investor like me perhaps has some sort of opportunity to recover.
My princely parcel of 20,000 shares at a somewhat 'robust' average of $0.465 leaves me options.
To simply park the holding on my jam-packed bottom draw
Sell, and put it with all my other capital losses , or
Throw another 70% at it, increasing my holding to say 100k @ a far more soothing $0.157, and await the same things FS is waiting for that turn the ship around enough to then give me another set of options.
And i think Option 3 suits me best, despite rocket's plethora of sage advice around low grade garbage, and an array of other uplifting terms that largely escape me now.
GLA.
IOR Price at posting:
8.1¢ Sentiment: None Disclosure: Held