I don't know about you but I am not buying or sell
Post# of 9964
Posted On: 11/19/2014 7:38:27 PM
I don't know about you but I am not buying or selling. Sell and retain a bit of capital left from initial investment after it's been diluted down to practically zero. Buy more? You gotta be kidding. Buy and the next day the company dumps millions of shares. I don't think so.
So I guess it's a hold and wait and see. This could turn around but personally I have lost the faith. It has the appearance of a death spiral. What could be next? Bankruptcy is a possibility but more likely the share price will languish in the sub-sub penny area for years. Maybe a reverse split? Who will buy into it after this take two?
There is one redeeming thing they have not issued more shares than the original 700 million. If they can stay under that threshold and show a reasonable cash flow ... naugh it still just a hold. It's on the back burner and on to other ideas. Any thoughts on OGZPY?
So I guess it's a hold and wait and see. This could turn around but personally I have lost the faith. It has the appearance of a death spiral. What could be next? Bankruptcy is a possibility but more likely the share price will languish in the sub-sub penny area for years. Maybe a reverse split? Who will buy into it after this take two?
There is one redeeming thing they have not issued more shares than the original 700 million. If they can stay under that threshold and show a reasonable cash flow ... naugh it still just a hold. It's on the back burner and on to other ideas. Any thoughts on OGZPY?
(0)
(0)Marani Brands Inc (MRIB) Stock Research Links
Scroll down for more posts ▼