$RGS stock surged by 340% to $17/share after its largest debt-holder took an $80m haircut, making equity less likely to go bankrupt. Market cap was $11.4m, equivalent to $35/share. Retail and discord groups are actively trading, expecting further increase.
$RGS STILL IN PLAY
$RGS lots of trading in this from retail/discord groups etc. For those willing to withstand volatility and short term holders, should re-rate upwards from here into mid-20s if not higher sooner rather than later (imo). And then on from there but will revisit then. Math just…
$RGS now +340% today. That's $17/share. The market cap as of yesterday was $11.4m. The debt haircut was $80m. That's the equivalent of $35/share. So this is not necessarily a dumb move. https://t.co/UqTgpsvex0
$RGS still quite undervalued and was a comically good opportunity at $13s today. If it dips, I will add. $30+/share just of debt gone like *poof*.
$ENVX now +38% $NNE now +65% and peaked at +80% But those are nothing. $RGS, which I was short from $350 down to $200 (reverse-split-adjusted), is +200% today, from $5 to $15, because its largest debt-holder took an $80m haircut, so the equity is less likely to go bankrupt. https://t.co/QvCJBbj0Pt
$RGS longterm resistance at 15.25 (careful) https://t.co/utajmNsaue
I’m really liking $RGS at these prices. And a few days ago, Bloomberg reported that it was working to refinance its debt. We have known for about 9 months they were working on this via strategic alternatives, but this seems like decent news. If the can get their SOFR +7 debt… https://t.co/IZf4Ll6Sq7