RE:Bankrupt LP'sAlright, I'll take this one I guess... As one of the people on this board that has the capacity for being an egregious sh1t funnel when provoked, I have no issues starting a conversation that might fall on the other side of the beasts bedside. However, don't look a gift horse in the mouth and keep it respectful moving forward...
I believe the company you're currently talking about is James E Wagner Cultivation(JWCA). What is happening with this company, because of the debentures loan that was signed into motion a few years back, is criminal. On top of their irresponsible spending of the monies rewarded onto them, the story now seems to be that the insiders have sold their shares onto the market, knowing damn well that this was going to be the outcome. Now, the shareholders are left holding water in their hands, while the creditors are going to either gain/lose large from this outcome. It looks, to me, to be the beginning of what might end up being a roll out of bad news for all the companies that have NOT been careful with the way they spend on their businesses plans.
With that said, I will add this... The warning given from the "twatwaffles" on this site has not fully been without justification, and they do deserve a shout out for this. I just wish you guys had the capacity to explain it all without all the fear mongering, the egregious bantering and attacks, and instead did it with actual good intent. I know the name of the game, and admitting or omitting anything less as to what your intent was isn't going to hold water with me. Hats off ;)
Well played lads!
to all newly minted, self made stock investors. Keep a close eye on the company mentioned above. Learn, it's the only real power you can gain in these markets that will put you ahead of the herd. Stay safe
letsgoup wrote: Some great dialogue on this site. Question, although there has been alot of talk about some LP's not going to be able to make it in this industry, has anyone heard of one that has actually gone bankrupt?
Thanks