Don’t be too hard on the old dog.
He is a believer, and you have to admire that on the one hand, even if the numbers are stacked against him, he still has a way of believing and promoting-even as the stocks drop.
When we were back in huge together, he was a believer for quite some time.
I was in the stock for a few months, and then out, taking a profit and kept a few free shares.
He and I went back-and-forth as I mentioned that the reverse split was going to decimate the stock, but as a believer, he didn’t think that would happen.
I kept reviewing out the new financials , and showing how that there was no way this was going to be a success, but he believed, and stayed in there for quite some time.
We had a bunch of other debates about things, but in the end he eventually gave up.
He has brought a few other stocks to the huge board, like NTY-which he thought might be a double or triple, but was a bust, I believe
He’s so enthusiastic, that when he promoted VPT, to the HUGE board I had to research it.
Unfortunately, the data tells us, that it’s likely going to be another bust, notwithstanding the story.(Athena again there is always a story, a founder who is committed, etc etc etc)
Of course, anything can happen, and they could do fine, although the numbers and the probability of this are decidedly not in its favor.
It has a negative working capital, and even in the financials they have stated that they will need financing‘s in order to survive.
But I thank Old doggie for throwing me a bone , as I love dissecting these kinds of stocks, and once you have done the homework, you can always hang around and see if you can swoop in and pick up some shares just at the right time.
Unfortunately, for old dogs pics, they have been dogs and the deposits therof.
G