Thoughts on $VIN 's divestment form Nuroscene Vinergy Capital, Inc. ( $VIN.C $VNNYF) is a venture capital company that acquires, explores, and develops diverse companies from wellness to fintech and everything in between.
$VIN's share price is stable today but took a hit earlier this week seemingly in response to the company divesting from Nurosene Health Inc.
It seems that a lot of shareholders weren't happy with this divestment, perhaps because Nurosene has been getting a lot of positive press like an investment from Nick Jonas and they think it was too early to divest.
However, I personally think that this move was great for $VIN in the long run.
Firstly $VIN made a 67% profit from divesting their position in Nurosene Health Inc as they bought 536,000 shares of Nurosene Health at $0.90/share and divested at an average of $1.51/share.
I think that the Nurosene divestment is an example of how $VIN knows how to buy low and sell high and fall into the trap of holding on to an investment in the hopes that it is only going to go up.
To use a gambling analogy, many have lost all of their gains because they didn't quit while they were ahead.
Although Nurosene's stock price could very well continue to increase, a bird in the hand is worth two in the bush and the profits from this divestment allow $VIN to invest in other younger companies that have a chance of increasing in value at a high ratio (as Nurosene did before and after going public).
Currently $VIN is trading at $0.10, MC is $10.4M