GREY:NMKEF - Post by User
Comment by
furiousmaton Nov 18, 2019 2:44pm
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Post# 30366002
RE:furious mat they are all on unemployment
RE:furious mat they are all on unemployment
How could I be more dramatic than the obvious fact that this thing has lost 80% of its value in 1 year?
Are you not getting that? Are you really so convinced of your own genius that you think the reason for this is that the entire market is retarded and you've got this all under control? What are the odds of this being true, considering the facts we know:
- The company has sold much of its future production already at low prices
- The company has high interest debt.
- The management drastically underestimated the cost of the project.
- This same management can't find smart money investors to complete the project.
- The company is out of cash to the point they have to shut down operations.
So how exactly is this still a good investment? What is the optimism based on? Is there anything you can point to to support your position in this? This isn't even an investment anymore. It's a gamble that somehow a miracle will happen.