I live by the philosophy; Expect the worst and hop
Post# of 36566
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Posted On: 06/08/2021 9:43:51 AM
I live by the philosophy; Expect the worst and hope for the best. That way I am never disappointed. The worst that can happen with GNBT/NGIO stock is that it becomes totally worthless. I have actually have been there with a company that went Chapter 11 and the stock went to $0. I can literally live with the worst case GNBT/NGIO scenario since I am retired with only my Social Security and investments for support. I have no other contingent plans (like finding a job). I write this because last weekend’s squabbling seemed to imply that as investors the outcome of GNBT/NGIO is a life or death situation. As investors, the only thing at stake is money and if we risk more than we can afford to lose, the only one to blame is ourselves. Other than pushing a buy/sell button on our broker’s website, we do nothing. All the work and real risk is with the GNBT/NGIO employees, from the CEO to the custodian.
On the plus side, the jejune exchanges of Joe may provide the impetus for any and all faint hearted GNBT shareholders to bail, to be hopefully replaced by new shareholders that are firmly fixated on the science. This should then provide long term stability to the pps.
The old saying is; A watched pot never boils. But as long as there is a heat source that is 213 degrees Fahrenheit (101 C), boiling will eventually occur. With all the things in the pipeline, there is still heat being applied.
On the plus side, the jejune exchanges of Joe may provide the impetus for any and all faint hearted GNBT shareholders to bail, to be hopefully replaced by new shareholders that are firmly fixated on the science. This should then provide long term stability to the pps.
The old saying is; A watched pot never boils. But as long as there is a heat source that is 213 degrees Fahrenheit (101 C), boiling will eventually occur. With all the things in the pipeline, there is still heat being applied.
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