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Posted On: 03/24/2019 1:50:30 PM
Post# of 75449
Calm down a bit Scotty,
Just by example: In 1999 PETM (Pet Smart) was a $3 stock. The warehouses in Arizona (right on I-10) were impressive as hell. We would pass by them on our way to a court battle in Maricopa County to get custody of a grandson from his druggie Mother (whole long story). Anyway.
PETM had a ton of debt and huge dilution thus the stock price was going nowhere, sound familiar? Except, RMHB has very little debt.
I retired in 2000, thank you Gray Davis Gov. of Cali.
PETM was still mostly flat, but I was 52 years old. Plenty of time. PETM went thru some problem solving, restructuring etc. and got things fixed. After holding for less than 10 years PETM was bought by a large group at 58 per share. Point of the whole story is... things take time, lots of it. The company must be fixing problems (seems these people are doing that too) The 2 billion share outstanding was horrible! The prior CEO was a dipstick that was selling the company down the Yang Gee river to Li!
Lastly! If you are too old to wait then you should be investing in dividend stocks or CD's, not in high risk penny stocks.
I'm here because I love a challenge, I love taking a risk, but not with money needed to survive. If this thing pays off (I think it will) in 5 or 6 years then I get a new C-8 Corvette for my collection!
Just by example: In 1999 PETM (Pet Smart) was a $3 stock. The warehouses in Arizona (right on I-10) were impressive as hell. We would pass by them on our way to a court battle in Maricopa County to get custody of a grandson from his druggie Mother (whole long story). Anyway.
PETM had a ton of debt and huge dilution thus the stock price was going nowhere, sound familiar? Except, RMHB has very little debt.
I retired in 2000, thank you Gray Davis Gov. of Cali.
PETM was still mostly flat, but I was 52 years old. Plenty of time. PETM went thru some problem solving, restructuring etc. and got things fixed. After holding for less than 10 years PETM was bought by a large group at 58 per share. Point of the whole story is... things take time, lots of it. The company must be fixing problems (seems these people are doing that too) The 2 billion share outstanding was horrible! The prior CEO was a dipstick that was selling the company down the Yang Gee river to Li!
Lastly! If you are too old to wait then you should be investing in dividend stocks or CD's, not in high risk penny stocks.
I'm here because I love a challenge, I love taking a risk, but not with money needed to survive. If this thing pays off (I think it will) in 5 or 6 years then I get a new C-8 Corvette for my collection!
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