Have we learned our lesson?On CSE/TSXV, always look at the share capital. Always look at the rights of different types of shares (does one share have the right to convert into a million at no cost?). Always look at debt settlements for derivatives or shares. Always check the footnotes of expenses that don't look right. Always look at how the reverse merger was done and see if the shell owners hold cheap shares. Always tally shares bought at bargain basement prices from the public float.
Someone is always looking to f-ck you, and if they can, they will. In Canada's virtually unregulated cowboy joke of a market, assume it's the case by default until you can remove every single last spec of dirt from your investments.
How many of you want to tell your wives you lost 70% of $1k, $5k, hell, $50k again??? Guess who isn't doing that this year. The guy who tanked your favorite stock. He's telling his wife they're going for another trip to the Hamptons this year, and they'll stop at their favorite michelin starred restaurant on the way. Thanks of course to working folks like you who actually provide real value to the economy.
GLTA. Everybody needs it.