TSXV:POI.H - Post by User
Comment by
enthusiast1on Feb 19, 2016 12:10am
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Post# 24573700
RE:RE:RE:RE:RE:RE:I would like an update on the financing
RE:RE:RE:RE:RE:RE:I would like an update on the financingLeafs4Life, don't beat yourself man. You are not alone. Same as you, I tought that this company is a bust. I had only few posts, but same angle as you. Beside managment my scope was related also to the surrounding enviroment - economies are going down, all markets are on red, everyone is on fire sell no matter what. Yes the managment definitely had some big mistakes, but to be fair the macroenviroment is to be blame too. Check SP500, Dow, check big name companies. Everyone is down.And same as you I failed to follow what I was preaching. I tought that big boys providing financing rounds (Salman, Beacon) did good due diligence. At the end of the day they were the ones who had inside look to the books and they agreed to invest all that money. I leant on "the experts" forecasting 1.17 or 0.85$/share YTD returns. I guess lesson here is to put money where your mouth is. "Big short" is perfect illustration of how not to lean on "experts". To stick to your guns. Well ... some lessons are expensive. My average is 0.45$/share. And same as you I am super mad to myself why I didn't follow my own advice. As you noticed bulls at this forum are much more then bears. ..and some of them are rude man. In my opinion someone who wear his pink sunglasess all the time is equally dangerous as someone who see doom and gloom all the time. We must stick to the facts and the hard numbers were telling us that this is bad bet. At this point I am thinking with present situation of 0.09$/share isn't better to turn the table upside down? Instead of waiting to make money from rising share price(unlikely) to make money from falling share price(more likely)?