Covering Their Rear EndsLets say we are among the long time insiders of Pieridae. We are not actually wealthy, and over time we have put a sizeable chunk of our own money into buying stock in the range of numbers of dollars price. And just like anyone else, we dont know if this LNG plant is ever going to happen. Which means we never recover that money we put in.
Or maybe we are newer into this, we have put little or no money of our own into PEA. So we are not down much. But we are here to make money. Same thing: if this puppy never flies (really, not just appearancewise) we get nothing.
So here we are- the stock is in the 20-30 cents range. We can buy as much as we like. And historically, we know that the next time there is a good news flurry.... even though the news covers things that do not actually advance us towards ACHIEVING the holy grail of FID, the little people out there will buy the stock and the price will go up.
Hmmm.