RE:experience showing real life trading drama
It sure took a long story to simply say stay patient. In your opening remarks you indicated that this dude (your friend) has done quiet well buying and selling stocks on the venture and that because of his record others have asked him for advice. I would say his biggest mistake was not having an exit strategy and/or simply selling at a whim without having any knowledge of what he was buying. As you indicated IB has been around for quite awhile and is not a start-up. Management has been quite happy to continually raise capital at ridiculously low price levels. They have had plenty of time to perfect whatever and now we wait for a contract. As much as some people feel threatened buy the fact that questions are being raised about the validity of the company's ability to make something happen here. It is also just as important that people realize that the market has priced this stock at 0.17 plus or minus a couple of cents at this point in time. And although the insiders have not sold anything as yet on the market according to insider reports (and as far as we know), they have not being purchasing anything at the market and only at a discount when exercising their director's options. I hope this stock goes to the moon as well but for now I think more people are trading this stock than investing long term in it. Only my opinion for what its worth. But I 'm guessing many of these people on this board will be the first one out when this stock hits a buck per share never mind $20 to $30 a share as are dear friend Teheran 10 wants us to believe.