$PSGR Sunday evening. Back from a little gambling
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Posted On: 02/18/2018 7:40:56 PM
$PSGR Sunday evening. Back from a little gambling in Nevada. I did NOT win but I did enjoy my time. The good thing about going to a casino is that the casino will tell you that the House has a better chance of winning than the gambler. The risk to the individual is what the bettor chooses to put on the table or in the slot. (Assuming that the individual is not addicted to gambling).
Investments in PENNY STOCK are even riskier than betting in a casino. While some Penny Stocks do provide a Return on Investment, many more continue to provide nothing in return to the investors. PSGR is no exception to the NO RETURN to investors Penny Stock. I have not taken the time but am pretty certain that someone has the time and the math skills to review the TOTAL number of stocks that have been sold by Pershing Resources over the course of it 20+ years existence and determine how many dollars were put into the slot versus how many jackpots the company returned. I do need a little help here....I am NOT claiming to be accurate or an authority on the number of shares sold by Pershing Resources so IF I say that at one time I BELIEVE Pershing Resources had 250 MILLION shares for sale and now has about 125 MILLION....these are ONLY GUESSES and are not intended to be portrayed as accurate. Previous iterations of Pershing Resources had stock splits, etc. For this Exercise in Math, let's suppose that 125 Million Shares of Pershing Resources were for $0.01 each, WHERE did the money go???? That total dollar comes to $1,250,000 ASSUMING that the shares sold for an average of $0.01 each. That is a nice income over a 20 year period. It could have purchased some nice equipment, hired some KNOWLEDGEABLE employees, and paid for quite a few assays AND paid for the claims fees. I used an average of $0.01/share, what if the share price average was 2? Just sayin!
Investments in PENNY STOCK are even riskier than betting in a casino. While some Penny Stocks do provide a Return on Investment, many more continue to provide nothing in return to the investors. PSGR is no exception to the NO RETURN to investors Penny Stock. I have not taken the time but am pretty certain that someone has the time and the math skills to review the TOTAL number of stocks that have been sold by Pershing Resources over the course of it 20+ years existence and determine how many dollars were put into the slot versus how many jackpots the company returned. I do need a little help here....I am NOT claiming to be accurate or an authority on the number of shares sold by Pershing Resources so IF I say that at one time I BELIEVE Pershing Resources had 250 MILLION shares for sale and now has about 125 MILLION....these are ONLY GUESSES and are not intended to be portrayed as accurate. Previous iterations of Pershing Resources had stock splits, etc. For this Exercise in Math, let's suppose that 125 Million Shares of Pershing Resources were for $0.01 each, WHERE did the money go???? That total dollar comes to $1,250,000 ASSUMING that the shares sold for an average of $0.01 each. That is a nice income over a 20 year period. It could have purchased some nice equipment, hired some KNOWLEDGEABLE employees, and paid for quite a few assays AND paid for the claims fees. I used an average of $0.01/share, what if the share price average was 2? Just sayin!
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