Q: Hi Peter/Ryan, I've been holding EGLX in my RRSP account since you added it to your portfolio. My average cost is 3.92 for 2000 shares so what could be a good strategy for shareholders. Would you hold and wait for the recovery or sell and buy it back after the month. Is there any one strategy better than the other, hoping of course and thinking there is a future for the company and you wanted to hold it for the long term. Thanks
5i Research Answer:
In a registered account there is no need to wait 30 days following a sale. EGLX continues to have losses and negative cash flow. It is going to need more capital. We think selling is the best strategy here.