History tends to repeat itselfThere was a company that raised a whole bunch of money... 50 million or so at $1.55.
A couple of years later the stock was in the low 20's. They were bought out for the low .40's. An almost 100 % increase of the .20 cent share price.
Good for those who bought at .20. They doubled their money.
Not so good for the people who bought at $1.55. They lost 75%.
Some of the people involved made millions.
They say that history repeats itself.
The silence is causing me concern.
It happened before. And if you look at history, shareholders of other companies got screwed as well.
Meanwhile, we sit here in silence.
There Kevin. You might get some more sellers.
Cause the history is alarming.