Where is Jesse Grimes? Did he jump off the proverbial bridge after investing on margin? He said anything under $3 was a safe bet, he's either living under a bridge or jumped off of it, proverbially.
Still down $200000 plus, I increased my share total to 75000 shares, the problem is I owe $2000 a month in carrying fees on top of my mortgage and car payments. I am losing my contract job soon so will be out of income. Uber has slowed down, I used to work 40 hours a week at my contract job and Uber 40 hours a week at night. I am going to have to sell my shares to have living expenses. Anyone want to offer me a loan for
living expenses?
The other option is to sell my house and tell my Father I have lost more money on margin which I have. I bought thousands of BTE at $3 on credit and lost it all on margin so I still carry massive interest costs every month.
So I have lowered my cost base to $4 currently but need $36000 to get me to the Fall. That means I need to sell 40000 shares to get me to Fall. That's with no income and no contract jobs available and no Uber.
Govenrment assistance would net net me about half that $18000 so I could retain more shares.
35000 shares means I need $6 or $7 to break even instead of $4.
If I don't sell yet there is also the risk of the stock going back to 50 cents.