This reminds me on another investment (oil and gas
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Posted On: 09/15/2021 10:07:24 AM
This reminds me on another investment (oil and gas industry) that I followed for many years, where the share price went south more and more rapidly.
Whenever somebody called or emailed the IR manager to ask what was going on and when this will turn around, he regularly replied "Use the pps discounts, as long as they last!"
As it turned out much later, this was a terrible advice, because the company (due to the megalomania of the CEO) went bankrupt, the CEO spent 3 years in jail and is now banned for life to ever work in executive management of a publicly traded company.
I am still positive that this investment is not heading towards a similar fate.
Whenever somebody called or emailed the IR manager to ask what was going on and when this will turn around, he regularly replied "Use the pps discounts, as long as they last!"
As it turned out much later, this was a terrible advice, because the company (due to the megalomania of the CEO) went bankrupt, the CEO spent 3 years in jail and is now banned for life to ever work in executive management of a publicly traded company.
I am still positive that this investment is not heading towards a similar fate.
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