saerdna1968a
Nov 6, 12:49 PM
$GEO Team, another post to make sure we all have the same understanding of the current situation. We had great earnings, the next one in a series. The NAV basically didn´t change , despite funny share price actions. The only things that changed the NAV is the fact, that we have 10% less shares in the market,
$GEO bought them back and took them out of the game. So, NAV rose, I estimate around 10%. We should be around 50$ now. At the same time Zoley was very smart. He used the last sales to reduce debt substantially. No risk from any bank or other players, the company has now access to more liquidity than debt is left....GREAT SITUATION. They can act as they want on whatever share price level.
We still have close to 10% shorts out there. And they run out of time to cover. Why? Because Zoley told everybody, he is ready. 600mil. $ available, more to come through sales. I believe he set the shorties a trap. As lower the share price is, as harder he can hit them..it will happen now. GLTA
1 replies