RE:RE:One of my biggestThe news they released this morning like most of the news of late is not the kind of news that is going to send this companies valuie up. So yes...no news this morning. You say this stock is not for me...well Sherlock, I pretty much said that didn't I. You think $28MM is enough? Just for Shits&Gigs... lets assume they need another $11MM... Share price at .19 cents means around 60MM shares and another 60MM warrants.... theres a hundred + shares right there. The math isn't too difficult but the road forward sure is. 10 years 8 years whatever!!!! Yes as I said it was a stupid buy and a huge regret.
Good Luck to you!!!
No news from management? they just released news this morning. You say that before this goes anywhere it will require truckloads of money and could have 100's of millions more shares on the book? What are you basing that on? They already have 28 milllion in bank and revenue coming in plus low burn rate. Then you say you don't want to hold shares for the 10 years it may take to gain to any traction. Why on earth would you think it will take 10 years? And if you actually thought that, then why on earth would you buy? Sorry to hear you are underwater but based on your post I don't think this is the type of stock for you. good luck.
Smeeeee wrote:
REGRETS... clearly I bought in on the downswing of a very large Pump. My shares are worth less than half what they were. Before this goes anywhere it will require truckloads of money and could have 100's of millions more shares on the book.
Yes there is money in the 'kitty' but so much more testing to do. Very little revenue and absolutely no news from the Mgmt.
This might be a great buy in price but, once bitten, twice shy. I also don't want to hold any more shares for the 10years it may take to gain any traction.
Yup... I am officially a bagholder!! No longer angry, just worn down.
The real bagholders though are the folks that did the last financing.... 44¢ now worth 19¢...ouch!!
This is JMH Venting Opinion!!!
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