Posted On: 09/02/2015 2:15:09 PM
Post# of 43066
That's one of the counterintuitive things about "better DD" and PTOI.
Those who proudly claim to do such "better DD" have been ignoring all the information that the rest of the world considers in their DD. Things like financial filings, admissions to fraud in regulatory actions, egregious lies put out in PRs aimed at misleading investors, and the like.
That "better DD" has convinced them that fireworks on the horizon, in spite of Heddle's clear statements in the 10Q that the company is idle, out of cash, and unable to do anything.
That "better DD" had convinced them to start buying PTOI at prices 100X above where it trades today, and to continue averaging down during its 99% decline.
I too prefer the "not better DD".
Those who proudly claim to do such "better DD" have been ignoring all the information that the rest of the world considers in their DD. Things like financial filings, admissions to fraud in regulatory actions, egregious lies put out in PRs aimed at misleading investors, and the like.
That "better DD" has convinced them that fireworks on the horizon, in spite of Heddle's clear statements in the 10Q that the company is idle, out of cash, and unable to do anything.
That "better DD" had convinced them to start buying PTOI at prices 100X above where it trades today, and to continue averaging down during its 99% decline.
I too prefer the "not better DD".
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