Just to bring additional perspective on Friedland'
Post# of 15624
(Total Views: 496)
Posted On: 03/10/2018 8:40:37 AM
Just to bring additional perspective on Friedland's dumbass error and greed.
If he bought 1.3M shares for $120,000 -- that's around $0.09/each.
He could have sold those and those alone and be in a much better spot than he is now. He still would have had $1.95M roughly (based on $1.50/share).
The other shares could have been held, but he saw the big run and realized that in reality the share price can't stay that high until more development is done, more studies are complete, etc.
He pulled the trigger and found a way to sell. He was on the verge of starting a new company that would have actually made him significantly wealthier too.
When you put profits over people with no regard for how negatively it effects them -- that sucks. I mean, we all know that with stocks -- someone has to buy your shares when you're selling and it's YOUR hope you're buying towards the top. It's a gamble of sorts. We'll all win some and lose some.
But Friedland here was talking big and positive -- disclosing he was an early investor... and sold quietly. Again, selling some shares because you have debt and other things in life is one thing... To dump the majority or all... That's where it quickly crossed into GREED and SELFISHNESS.
If he bought 1.3M shares for $120,000 -- that's around $0.09/each.
He could have sold those and those alone and be in a much better spot than he is now. He still would have had $1.95M roughly (based on $1.50/share).
The other shares could have been held, but he saw the big run and realized that in reality the share price can't stay that high until more development is done, more studies are complete, etc.
He pulled the trigger and found a way to sell. He was on the verge of starting a new company that would have actually made him significantly wealthier too.
When you put profits over people with no regard for how negatively it effects them -- that sucks. I mean, we all know that with stocks -- someone has to buy your shares when you're selling and it's YOUR hope you're buying towards the top. It's a gamble of sorts. We'll all win some and lose some.
But Friedland here was talking big and positive -- disclosing he was an early investor... and sold quietly. Again, selling some shares because you have debt and other things in life is one thing... To dump the majority or all... That's where it quickly crossed into GREED and SELFISHNESS.
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