Post by
mill44 on Mar 10, 2018 4:55pm
Clarification
Albert Einstein is widely credited with saying, “The definition of insanity is doing the same thing over and over again, but expecting different results.”
So if another 10c financing is coming, what are we longs doing? And this is nothing more than hoping for the best and preparing for the worst. Can you blame someone who was burned 4 times already?
Comment by
Kidlapik on Mar 10, 2018 5:25pm
So Mill to be clear, you believe a rights offering is 100% and therefor you are not holding any shares right now?
Comment by
mill44 on Mar 10, 2018 6:33pm
I am hoping that rights offering is not imminen and the Friedlands really do want to make a deal.
Comment by
madmann on Mar 10, 2018 5:43pm
Mill, Burned 4 times? Hmmm I'm up 70% on my last rights offering, boy was I stupid. If I'd only known better!!
Comment by
mill44 on Mar 10, 2018 6:40pm
Madman, that's exactly what I was talking about. But you are only up if you sold, otherwise you will see that gain go up in smoke with a new rights offering. Like the 200% gain longs had with the offering before this one. And the close to 100% gain before that one. Looking back at the history, can you argue that holding was the smart move?
Comment by
griefman on Mar 10, 2018 5:44pm
Im not sure who said it, but practice makes perfect, is another consideration. You cant get Mill to admit he was wrong, I tried over and over again with the same result , oh I must be insane!