(Total Views: 384)
Posted On: 05/02/2019 8:18:59 PM
Post# of 2064
Re: The Reno Kid #417
Greetings Reno,
I have done my share with many Certificates in my possession. Others are indeed invited to step up and do the same but they must know there is not only the risk of a stock that is still speculative - there is the risk the paper Certificates may not easily find a broker that will accept them for years. So I see risk times risk. I have enough Certificates and hope someday to profit handsomely from them but I don't need more.
It's a double whammy when existing shareholders sell their MXSG trading shares to buy low ball Certificate shares: the first whammy is share price erosion and then dilution. Better to sell other stocks or use cash.
I knew two very committed investors who died waiting for this ship to come in. I am of the same era as those good men and am watching the calendar.
I have done my share with many Certificates in my possession. Others are indeed invited to step up and do the same but they must know there is not only the risk of a stock that is still speculative - there is the risk the paper Certificates may not easily find a broker that will accept them for years. So I see risk times risk. I have enough Certificates and hope someday to profit handsomely from them but I don't need more.
It's a double whammy when existing shareholders sell their MXSG trading shares to buy low ball Certificate shares: the first whammy is share price erosion and then dilution. Better to sell other stocks or use cash.
I knew two very committed investors who died waiting for this ship to come in. I am of the same era as those good men and am watching the calendar.
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