The glass and contents therein, that TDMAN can not unspillYou can spin your story in any form or fashion that you choose TDMAN29, but if you had any credibility left to lose it flowed out of the glass when you told everyone on this forum that you didn`t sell your shares because they only represented monkey money to you.
You avowed that you are a man of truth and integrity who has also achieved great financial success in business. It is because of this that you are here to guide others who are either past, present, or prospective shareholders.
So, help us out here. If I was a prospective shareholder and I read your posts I would be somewhat confused. Why? Because the first thing I would ask myself is whether your message is to do what you do, or to do what you say. If I took your advice on what you infer, I would not buy this stock, and a good reason for that would be because I believed in the quality of businessman and investor you purported yourself to be. However, once I become cognizant of what you did,and furthermore admitted to not doing thereafter, I would immediately ask myself how can anybody be that stupid? I hope you can understand the conflict in your advice.
Let`s go another step further in the hope of understanding you correctly. If I am an existing shareholder the combined inferences of all your arguments suggest that I sell my shares. However, there exists one big exception. The exception you stated is: if I agree as to what you do, and evaluate the worth of these shares to be only monkey money then your advice is not to sell and thereby doing as you do. Okay, then can I correctly assume that your advice to a prospective shareholder is to buy the stock subject to the condition that his investment is no greater than what he defines as monkey money.
There is also one other very important fact that you have omitted. You never have defined what monking money isn and exactly how to evaluate it. Let`s take yourself for example, considering the fact that it is one of your standout investment strategies. Is it defined as being a particular % of ones total net worth, or only as a % of what monies one has allocated to high risk investments? More importantly TDMAN29, do you calculate it based on the CB, or do you do so based on what you would expect the liquidated value to be. In your case you had previously informed this forum that it was a substantial number of shares. Was it: 100,200, 300, 400 thousand shares, even more. If you were to liqidate it at .03, that would only add up to 12,000 bucks which I agree is indeed only monkey money to many people. However, that is nowhere near your cost base if we are to believe you to be a truthful man. How about if we guessed your CB is .50/share? Well then we are talking a whole different ball game as to your actual dollars invested, besides the value as an actualized loss when offsetting a gain. Monkey money.
Let`s end discussion of your absurd behavior and advice by telling Warren Buffet that you advise him that he should follow your lead and pick up a few shares of YFI, but only under the condition that he invests no more than what is proportional to what he equates by your formula to be defined as monkey money. In addition, your actions infer that any investor who has monkey money should jump on board too.
TDMAN29s RULES
Rule #1 NO MONKEY MONEY, NO PLAY
Rule#2 IF MONKEY MAN, SWING AS TDMAN SWINGS
Rule#3 MONKEY MAN TALLY MONEY LIKE BANANA
Rule#4 BE LIKE TDMAN, TALLY ME BANANA