I may have been an idiot for having purchased rest
Post# of 15624
(Total Views: 297)
Posted On: 07/27/2017 2:09:14 PM
I may have been an idiot for having purchased restricted shares given the fact that I purchased them at more than double the price of the current share price. But how is that any different than anyone else that purchased at higher prices and are still holding on?
I can assure you that those of us that purchased restricted shares are not idiots for having had the confidence to invest in a company knowing that we would not be able to touch the shares or do anything with them for at least six months. Would I have sold some of them when they reached the $3 level? Probably not! The reality is that I already had unrestricted shares that I could have sold and didn't. Instead I continued to buy on the way down and will buy again. I'm sure I am not the only one that feels this way.
Yesterday I posed a question about the restricted shares and any thoughts on who might be selling and why. We are talking about 2.2 million shares that became unrestricted. Even if they were idiots and decided to sell them, would this have had the kind of impact that it has had on the share price?
I can assure you that those of us that purchased restricted shares are not idiots for having had the confidence to invest in a company knowing that we would not be able to touch the shares or do anything with them for at least six months. Would I have sold some of them when they reached the $3 level? Probably not! The reality is that I already had unrestricted shares that I could have sold and didn't. Instead I continued to buy on the way down and will buy again. I'm sure I am not the only one that feels this way.
Yesterday I posed a question about the restricted shares and any thoughts on who might be selling and why. We are talking about 2.2 million shares that became unrestricted. Even if they were idiots and decided to sell them, would this have had the kind of impact that it has had on the share price?
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