Correct... I wondered about that myself. But, you
Post# of 43066
Posted On: 11/13/2013 8:17:07 PM
Re: techisbest #5863
Correct... I wondered about that myself. But, you did not really answer him. Your response can be taken in different ways... ie. the whales (presumably... ) believed the claims therefore they must be true... or... wow you are right, but even smarter people than me were fooled.
This kind of thinking never ends. Heddle gave them 3 Million, therefore it must be viable. They spent 55 Million... therefore it must be viable... No. Nortel went bankrupt. There were alot of smart people at Nortel... it was all willing suspension of disbelief driven by the ego of some technical managers.
why don't you put forward what you really think?? yeay... or nay..
anyway, I can't tell people what to do in this situation. It is like being in a car where the fuel gauge reads empty. You are in the middle of nowhere and it is winter. Do you use your remaining fuel to keep arm?.. or do you keep on driving in the hope of making it to the next gas station. ?
I know it is hard to accept a loss. The reality is that as the price drops lower, the potential loss drops exponentially. It takes guts to get out.
I don't let myself get into this sitation in the first place. I simply avoid stocks where this is possible. Boring, but easy. At the first sign of serious trouble, I accept a loss and move on.
You really have to ask yourself what is the probability of investors getting their money back at any respectable price. JBI is running on fumes now. If they were to liquidate tomorrow they would barely be able to pay their bills, and I include the plant in that. I doubt the plant is worth 8 Million as the statements say... maybe a couple of Million... add to those statements about 1.5 Million is further cash drain...
I have seen reports like this before when companies are going bankrupt. I think the term is "willing suspension of disbelief'. It is like watching a movie. Terminator. Expendables. You enjoy it because part of you believes it is real... unfortunately it is just a show.
Another report like that, and your investment will be worth half, or less of what it is now...as we speak. That is 50%. Your choice..
so what does your post really mean Tech?
This kind of thinking never ends. Heddle gave them 3 Million, therefore it must be viable. They spent 55 Million... therefore it must be viable... No. Nortel went bankrupt. There were alot of smart people at Nortel... it was all willing suspension of disbelief driven by the ego of some technical managers.
why don't you put forward what you really think?? yeay... or nay..
anyway, I can't tell people what to do in this situation. It is like being in a car where the fuel gauge reads empty. You are in the middle of nowhere and it is winter. Do you use your remaining fuel to keep arm?.. or do you keep on driving in the hope of making it to the next gas station. ?
I know it is hard to accept a loss. The reality is that as the price drops lower, the potential loss drops exponentially. It takes guts to get out.
I don't let myself get into this sitation in the first place. I simply avoid stocks where this is possible. Boring, but easy. At the first sign of serious trouble, I accept a loss and move on.
You really have to ask yourself what is the probability of investors getting their money back at any respectable price. JBI is running on fumes now. If they were to liquidate tomorrow they would barely be able to pay their bills, and I include the plant in that. I doubt the plant is worth 8 Million as the statements say... maybe a couple of Million... add to those statements about 1.5 Million is further cash drain...
I have seen reports like this before when companies are going bankrupt. I think the term is "willing suspension of disbelief'. It is like watching a movie. Terminator. Expendables. You enjoy it because part of you believes it is real... unfortunately it is just a show.
Another report like that, and your investment will be worth half, or less of what it is now...as we speak. That is 50%. Your choice..
so what does your post really mean Tech?
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