Mar. 16 at 3:31 PM
$IPX Adding. Shares are now trading at my bear case PT for absolutely no reason other than Spruce Point recycling FUD. The half-year report (dated 12/31/25) was exactly as expected with catalysts anticipated in Q2. Projects are ramping and on track. Moreover, Spruce completely forgot the Feb 2. letter to shareholders, which is the more updated and relevant document. Most of Spruce's point are neutralized in the Feb 2 letter. Unless they have non-public information, these guys are simply taking advantage of a thinly traded stock during a time of fear in the markets.
