TSXV:BTI.H - Post by User
Comment by
prophetoffactzon Jan 20, 2023 3:32pm
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Post# 35236350
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2-million-dollar fee
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2-million-dollar fee"...others here are emotional over charged with anger blinding them to the reality of this situation."
It's unfortunate but I think some people overcommitted to a single speculative asset. They have been so hurt that they've made their investment today all about themselves. It is about what they need to get back to breakeven and not a clear focus on doing what is right for the business. What is best for the business doesn't necessarily care about what they need to breakeven.
If people only invested in a given stock an amount whereby they never thought about what they needed to breakeven again, but instead clearly focused on what is best for the business they could be able to keep a clear mind. In the end they would have a portfolio of stocks where they are focused on the buisness and can more freely adjust to the dynamics of time. Business is often very painful; and being controlled by that pain of an investment can be devastating. BTI's history is one of never doing what is right and neccesary for the business and today is the result. BTI hit bottom and was forced to re-set. If BTI could take on more debt to create an illusion of no immediate dilution, and spend another decade living a hand-to-mouth financial existence in permanent financial emergency, where the business never advanced but you avoided the immediate dilution some would.
"A sunk cost is any cost that’s already been invested and can’t be retrieved. The sunk cost fallacy (sometimes called the lost cost fallacy or trap) is a cognitive bias that causes people to stick with a plan, course, or approach that isn’t working because of how much has already been invested in it. Investment here can mean money, time, effort, or all three."