TSXV:MUST.H - Post by User
Comment by
illumination1on Jan 18, 2017 2:55pm
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Post# 25724242
RE:RE:Someone encourage me :'(
RE:RE:Someone encourage me :'(
the revenant the venture is full of companies that aren't even profitable and who are so much in the red yet they trade because people are interested in what they have to offer. Penny stocks are penny stocks for a reason and that is because they just can't get to the next level. Look up egt--I have 8,000 shares there. It used to be called sustainable energy which is alternative energy--people didn't like the term solar and I would use it all the time because they were doing solar inverters but now focusing on energy storage and micro grids. The company has been around for 19 years and never got off the venture but also hemorrhaged money as far as I know--said they should be profitable by year's end last year but missed--they burn through lot of cash. The one thing saving them is that they are indebted to a brokerage firm that has always backed them since I was first invested more than 3 years ago Doughty and Hanson. The company had some bad bumps after consolidating their shares to manageable levels and is over 200 million shares--look where they are trading!!!! Currently .255. they use to trade as low as .07 and even before that I believe a nickel. In any case, the previous management would say that the company was indebted to shareholders their insiders and legally took that off the books (don't know how but it did). The point I am trying to make is that almost every company on the venture is most likely heavily in a long term debt but companies continue to go on and can trade phenomenally. I don't see anything different here--this will do phenomenal but will it be profitable unlike the majority of the ones on the venture only time will tell. But what you have said is not such a big deal to be honest with you just as long as companies don't go belly up--I had a few of those but such is the pitfalls of investing. Fortunately, I didn't lose all that much maybe $600 or so. Well, I see a phenomenal opportunity here otherwise I wouldn't have bought in and that too in such a mass quantity. Either I will be right or I won't be but I wasn't going to let the opportunity slip away. Like I said in one post there are companies that have promised blue skies and have failed to live up to them so why not take a chance here, but most of all I can afford to as I will adjust my asset class. Those that perform stay those that don't will be sold off. Nothing will be any different here. glta