John, Well, the world turns. While TCLN is now at a price I consider attractive, there have been some macroeconomic variables which have taken an untoward turn of events, not necessarily to my advantage, to coin a phrase. In simple terms, it means my financial position is not as humdinger as it was. In fact, I don't now have the ability to buy! Even more bluntly I can tell you I am bloody glad I sold TCLN when I did!
Not because I think there is all that much wrong with the products under development or the management trying to get them to sick people. Things look good. But as Alan Green$pan says, people have become widely risk averse, which has caused a financial bottleneck of worldwide proportions. So the long awaited checking of people's credit ratings is now underway and many are found wanting.
TCLN is obviously not immune. Cynthia says "margin calls" have caused the drop to 75 cents. I suspect the 7 October options conversion date is important too.
But I still have to persevere with reverse split comments because I think it really would be good for TCLN and the existing shareholders. For all the reasons you must all know off by heart. But being a fan of democracy, I have to say that the company shouldn't do it unless something like 70% of shareholders are in favour. Or more. Because as everyone sees in the wider market, if people get frightened, they panic and bolt.
I reckon that once people accept that management is really doing a good job and they aren't just out to burgle the shareholders, then a reverse split would be good. But the trust isn't there yet. Shareholders are reluctant to let management manage who goes to lunch at what time or when they take their holidays.
If I remember rightly, Larry Bymaster has a personal interest in cancer. For all I know, he needed the holiday for personal reasons. Lucky they did away with slavery a while ago in most countries.
So, no sale just now thanks John,
Watching the ticker,
Maurice |
