GREY:VITFF - Post by User
Post by
StuntCoqon Jul 02, 2024 1:51pm
244 Views
Post# 36114779
Long time holder turned seller
Long time holder turned sellerI had been holding for a number of years. I think since 2016/17. I'd been watching it hold $1 the last few days and I really want to believe the damage wouldn't be that bad, this was recoverable. But today I realized I'd have similar odds on a lottery ticket and decided to throw in the towel and take that permanent TSFA hit. I figure I t was better to sell around a $1 than $.01. A few reasons for this:
- I believe the failure was highly probable to be poor decision making/risk taking. I genuinely hope JM and the rest of the Officers/Directors took that full drawdown on the first day. If this is correct they should all be fired.
- Numerous severe headwinds. Even in a best case scenario cash flow becomes a considerable problem. Law suits. Regulartory violations and penalties. Loss of trust with investors and stakeholder. Loss of trust for the industry in the Territory.
- VGCX always just needed one thing to not go wrong and things would look awesome. At what point do one offs just become a predictable pattern.
- At sub a dollar you need a 10 bagger just to get back to where we were at.
It's really too bad as I really liked the story here, now I am look forward to joining the class action.