RE:RE:RE:RE:To Redcoats/Kaykay Redcoats, you are a stubborn ol' man. I have come across many people like you in my life. They never give you credit for anything and they're always right. I guess I was lucky for having the foresight that mortgage rates were going higher. When you guys said interest rates were coming down I said no they're not but I suppose luck has to do with it. When I said Urbanimmersive had a horrible balance sheet and that they would be in a bind, I received criticism from the permabulls on here. Shortly after the company announces a restructuring plan and I guess I was lucky about that too. Btw, I have taken a few accounting courses before so I think I know the difference between profits and losses.
I was once a shareholder as embarrassing as that is to admit. Fortunately, I broke even on my investment and I didn't like the direction the company was going in. I came to the realization that the company was acquiring companies at the absolute worst time in the market cycle. They got caught with their pants down and the losses keep growing with each acquisition. Who is going to pay for all that debt? Will they have to dilute shareholders again in the future? Either way, things don't look good and you should at least acknowledge that you made a BIG mistake.