RE:This is deteriorating dailytamaracktop wrote: Remember my reply to Bman a while back?
tamaracktop wrote:
How can you possibly think that this stock is primed to move higher when the company's "strategic investment" that has already lost tens of millions of dollars is making new lows and hardly trades? Go ahead and prove me an incompetent idiot and answer that Bman. Give it a try. You won't, because you can't. So stop flaunting your ignorance
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HPQ has made a new multi-year low today.
Going back to June 2020, I think.
Remember this from the Q2 report?
"Cash, cash equivalents and publicly traded shares at June 30, 2022 of $9.4M"
Aboiut $1.2 million of that was cash and near-cash.
The balance wasa in Pyrogenesis's "strategic investment" in HPQ
I think Pyrogenesis had about 25.6 million shares at June 30th, going from memory only.
They couldn't sell that if they wanted to.
I'm not here to bash Pyrogenesis.
I'm trying to impress on the novices here that just because the stock is down from $12 doesn't
make it a safe bet.
In my opinion, new buyers here are taking on great risk.
People think "why bother selling now??"
If things go as badly as they might, they'll wish they had.
Ask the shareholders of Xebec.
Actually don't bother.
I'm one of them.
By your own past admissions, you don't own any shares of the soon to be bankrupt Xebec. But you spent years pumping that cr@p. Tell your messiah Kurt Sorshack thanks for wiping up out.