It really doesn't make sense to give up on a compa
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Posted On: 10/12/2017 8:19:00 PM
It really doesn't make sense to give up on a company because of the pitfalls they encounter on the way to success.
The main thing is that you believe in the RMHB product, and believe that the public will embrace it as well. If you have doubts about the future of the product, then probably you'd be happier in the long run if you cut your losses and sold.
Of course the ones at the helm are important, but ultimately it's the product that's more important.
If you have faith, then roll with these downturns that seem like they will never end.
Eventually, they will, if it's a sound product.
I felt much the same when I had money invested in a Uranium company about 12 years ago and the owner died. Someone stepped in and bought the company. The stock was selling for between two and three cents.
I got a hold of the new president and he told me there was huge potential in the properties the company held, and the key would be financing that would enable him to get the drills turning.
Then one day, there were millions of shares selling. About 12 million I seem to recall. I called the new boss and asked what was going on. The stock was driven down to a penny.
He said the previous owners wife was selling all her deceased husbands stock through a lawyer. She was getting between 1-1.5 cents per share. She had no faith in the company her husband had built.
Two months later the company got financing. A week after that it was trading at 30 cents. I sold a few months later at 60 cents and did really well. Boy, was I in for a surprise.
They hit a big seam of uranium about five months later and the stock topped out at $4.80.
The moral is, don't judge this company by the infighting and personality conflicts. Judge it by it's potential.
Don't make the mistake the owners wife made and give up without allowing the company a chance to spread it's wings.
It cost her about 60 million dollars.
What will it cost you if you throw in the towel?
The main thing is that you believe in the RMHB product, and believe that the public will embrace it as well. If you have doubts about the future of the product, then probably you'd be happier in the long run if you cut your losses and sold.
Of course the ones at the helm are important, but ultimately it's the product that's more important.
If you have faith, then roll with these downturns that seem like they will never end.
Eventually, they will, if it's a sound product.
I felt much the same when I had money invested in a Uranium company about 12 years ago and the owner died. Someone stepped in and bought the company. The stock was selling for between two and three cents.
I got a hold of the new president and he told me there was huge potential in the properties the company held, and the key would be financing that would enable him to get the drills turning.
Then one day, there were millions of shares selling. About 12 million I seem to recall. I called the new boss and asked what was going on. The stock was driven down to a penny.
He said the previous owners wife was selling all her deceased husbands stock through a lawyer. She was getting between 1-1.5 cents per share. She had no faith in the company her husband had built.
Two months later the company got financing. A week after that it was trading at 30 cents. I sold a few months later at 60 cents and did really well. Boy, was I in for a surprise.
They hit a big seam of uranium about five months later and the stock topped out at $4.80.
The moral is, don't judge this company by the infighting and personality conflicts. Judge it by it's potential.
Don't make the mistake the owners wife made and give up without allowing the company a chance to spread it's wings.
It cost her about 60 million dollars.
What will it cost you if you throw in the towel?
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