RE:As we wait...... Good post and worth quoting to keep in the first position today. I have so many creeps ignored on SH that I don’t know what it it looks like to the newbies but I see stock1829 or whatever is mentioned almost every time I check in.
kjamax1 wrote: I think there are a lot of people hoping to see Namaste succeed but are on the sidelines with a wait and see attitude. It's been a rocky road for such a new and promising company, so who can blame you.
I think that a big part of the problem was the success they had too early on, and it made it possible and enticing for short sellers to pounce. Namaste went from a garage to a Billion dollar market cap in short order. The issue the short seller used was a US transaction valued at $300,000 that's it! To uplist the company had to divest of the US affiliate, and they did. Sean has 18 million shares and stock was trading at up to $3 or $55 Million in value, so compare the $300,000 issue against that backdrop.
All I am saying is that this entire shat show was caused more by the greed of a short seller who would say and or insinuate whatever needed to cause a sell off. They don't play fair, have been banned by trading in countries, but it worked and created losses for investors, and loss of trust for the company.
In the end the story has not really changed. Some would argue that it has improved with the changes made, and the new management can take it to the next level.
On here we are focused on the share price, and then secondly on the business at hand. Emotions rule the day, green is good and red is bad.
Namaste has built a great platform for this new and exciting sector, which is growing globally. Hard to imagine how in time this platform won't be massive.
Warren Buffett has a saying about the stock market and investing in general: “Be fearful when others aregreedy and greedy when others are fearful.” Time and again, the value investor has used this philosophy to pounce on opportunities.Jun 30, 2017