Putting this here really to get some eyes on it after last week. Options are dirt cheap, were up double at one point this week (currently up 20% from buy-in point when I started watching this. No real position, literally just one 1c to make tracking movement easier).
They do have earnings expected for 3/15, though IV is extremely high on the 3/18s. I’ll see what else I can find re: earnings etc, otherwise what do you think, a burnt out P&D or something with some steam left in the engine?
2/7- XELA announced an increase for their common stock note exchange program, up from $1 to $1.25.
Shareholders can now exchange blocks of 20 shares of common stock into a tradable $25 note due 2029 with 6% annual interest rate
XELA is on NASDAQ, so it’s in their interest to get back above $1 ASAP. I grabbed a small stack of Feb and Mar 1c today, they’re very cheap and they’ve been moving a bit over the past week with decent OI on them. IV is insane though, so shares might be smarter (if this does go anywhere between now and March)