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Posted On: 10/12/2020 8:37:27 PM
Post# of 82687
Sure, got it. After the latest reverse split, I bought 50K more shares for about $1K with the theory, much like yours, that when it got back to $1, I would be more or less even, overall.
And now, voila, those 50K shares are very quickly down about 33%. And that's after the torrid pumping upswing of the past few days. Maybe you can tell me simply, in a way I can understand, what you see as the upcoming catalysts that will make this stock shoot up to $1 per share.
There's about to be a new offering, no significant revenues have been announced, and dilution is apparently ongoing. So, yeah, continuing to throw money down this black hole seems like a surefire winning investment strategy.
And now, voila, those 50K shares are very quickly down about 33%. And that's after the torrid pumping upswing of the past few days. Maybe you can tell me simply, in a way I can understand, what you see as the upcoming catalysts that will make this stock shoot up to $1 per share.
There's about to be a new offering, no significant revenues have been announced, and dilution is apparently ongoing. So, yeah, continuing to throw money down this black hole seems like a surefire winning investment strategy.
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