Post by
dileas48s on Jan 07, 2021 11:36am
My take......
1) Someone is enjoying the reactions to a worthless stock jettisoning up to some ridiculous valuation based on a couple of hundred shares
2) I will never believe that Brattle Street, or any other entity will take on 34,000,000 (give or take) useless shares (and the baggage of extremely frustrated shareholders) for the priviledge of leveraging a tax loss. I know it can happen, I just don't think it will for us.
3) We know the VIBE shares are coming, that the process is intentionally slow because they remain untradeable for several more months.
4) VIBE may be somewhat more viable than VCAN was but @ $0.55 who the hell is in a rush to get their shares anyway? Are we all in a big rush to sellout for an additional 17% loss?
At one point in time Convalo was 19.42% of my portfolio. How stupid I was. Vibe is now 1.86% of my portfolio. I've mentally moved on, and I may in fact just dump my shares once I can, but a part of me needs some kind of redemption even to make 10% off of these VIBE shares would provide some solace - but I don't think it's coming - it seems to be one dumpster fire after another, and I've no one to blame but me.
MEH
Comment by
TheProphetElijah on Jan 07, 2021 11:43am
dil is right we're back to .019 - my account just swung 100K in just minutes. Hows that for volatility,
Comment by
turnaroundking on Jan 07, 2021 3:01pm
Agreed dileas, well said. I just wanted to make sure I wasn't missing something on the shell that remained. With that said, there is reason to be optimistic about Vibe. It seems to be a well run company with potential growth + the growth we anticipated from Ventura's assets. They have a continuously updated website and strong social media presence (their Instagram account is great). GLTA