RE:I'm out. Well then.... that just tells me you didn't know what you own.
For those whom are also nervous at this stage of the game, I will say something that I thought to be the case long ago and Peter reluctantley mentioned this in a video interview a few months ago.
The following is pure speculation and I could be 100% wrong. I am not phased in the least by what I state below because I know what I own. Name another company involved in so many cutting edge technologies?
So this is for those whom have reached a frustration point and it is totally understandable and Peter has to know this because of the inferred promises/statements that have been made.
It was a gamble.. So.. He tried to stem the tied of frustration a few months ago by saying something to the effect that these billion dollar companies are waiting for the cash..
In other words, free tax payer's money encapsulated in bills such as the US 3.5 trilion bill that personally makes me sick to my stomach as it is nothing more than a pork bribe bill to political constituents. The problem with that is it's our money. The middle class will pay the lion's share of this and that is all being set up. 80,000 new IRS agents monitoring up to $600 in transactions tells me all I need to know. The wealthy will not be affected as they have the means to hide their money
Pandora and Panama papers should tell you this.. Anyway.. Politics aside...
It is my OPINION that as soon as the bill was passed, the paperwork would be flying for the cash grab.. Torch orders would be rolling in... I firmly believe Peter thought this would have occurred by now and I get it.. Given who controls the chit show in D.C. one would have bet the farm on this.
It would have been a good calculated bet.
I firmly believe this is why the silence. 4 torches might have been a "ya gotta give me something brAH..."
Let's be honest, the torches WILL be the predominate driver of the share price.
This doesn't meant the other technologies are nothing to sneeze at either right?
So, it truly is out of his hands with that respect.. We can argue whether it should have been done in this way but the train has left the station.. So now it comes down to whether or not you knew what you bought with regards to this company.
I do.. Not budging.. I see what is coming.. I actually do NOT want the 3.5 trillion bill to pass.
Principle's matter and I have a disdain for any subsidies from ANY political party.
The Government should not control the means of production or choose the winners and losers of same because that breeds dependency and corruption.
It's funny when Capitalists what to be Capitalists until they don't..... on the backs of lunch box taxpayers.. I am a Capitalist. History has recorded the human devastion of the other systems.
So.. I want these companies to do this on their OWN and be responsible to the environment and we taxpayers because it is the RIGHT thing to do.. Not saunter up to the trough and pick our pockets when it suits them. Step up to the plate iron ore companies and sell your CAPEX to your shareholders in the vain that in the end, the return to shareholder will be worth it..... responsibly.
I know what I own and it may take some time to get there, but it WILL get there.
We all have different time horizons I get that. I would love for this to hit now so I can tell my company to go shove their mandate up their.. well.. "You know the thing".
If you bought at the highs, I believe you will be rewarded if you can wait.
Disclaimer, my average cost basis is approximatelty $3.70 a share US. Not concerned.
So don't give up at this stage folks. I think it just got out of Peter's hand a bit of no fault of his own. I would love to see something from the company in this vain IF THE ABOPV IS THE CASE. I think it would go a long way. I don't beleive he would be nailed to the cross for it. People are understanding... to a point.. Worse is if the bill is watered down and the company's to an about face..... then the speculation comes and arrows fly.
Stay the course though as I believe it could be close at hand. Know what you own knowing full well you own what you know.
opsd1 wrote: Insider selling continues; even at these levels. Something seems wrong. Lost thousands with this one.