Too Many Cockroaches This morning I sold my position took my loss and chalked it up to my stupidity for not doing my DD. Typically I have a checklist before I invest but yesterday I skipped it in FOMO.
Had I held on until the end of the day I would have lost less money but when I see the Board focused on the people running Th company it is best to sell and move on.
As one post said they do not list their Executives nor Directors on the Web Page. Cockroach #1. The CEO was tied to some scam in the past. Cockroach #2. There are warrants at 5 cents. Coackroach #3. In investing there is the famous saying when you find a cockroach or two then you know there will be many more hiding.
I am sure you could get lucky play the swings on this stock but given we have no idea of their sales COGS, etc you have to be brave to invest.
My final comment is always do your due diligence have a checklist or you will end up losing money like I did.
GLTA