Nov. 18 at 4:18 PM
$GV Was doing some final checks before I built my starter to a full position and have had to get out of this completely.
85% of the revenue was generated by one property, which is now in receivership. According to filings from EY restructuring as late as March this year.
Therefore, not only is the revenue gone, but so is the asset which makes up the most significant element of its balance sheet.
Best case scenario here is new earnings look terrible, worse case, courts may question solvency. Deslisting risks on both.
This isn’t necessarily going to be imminent, and can definitely have a run with its small float.
Real shame because I waited a long time for this to come back down - just wanted to share a warning with anyone that may have been watching this with me
