Stellar Biotechnologies Inc. (SBOTF)

[TerryC]

I sold half my position of SBOTF yesterday at $1.61. Why…this stock broke my heart.
I originally bought is at $0.78 in May 2013, and touted Stellar to all my friends & relatives… then chided all those who failed to listen to me as the stock rose to over $2.00. Then came a two day trading halt. I listened to all the bloggers opine/speculate that STOBF was a takeover target and we investors would get at least $4.00 for our shares.
Well when trading resumed, Stellar had make a private placement of shares in exchange for $12 million in cash @ $1.25, then languish for several months as the stock dropped to around $1.00, then drop to below my original investment to $0.68. I was delighted to find out the stock had suddenly had new life and my shares were again trading around $1.50. I couldn’t wait to get my money out of the stock.
I hope the hype over SBOTF turns into a gigantic profit for all of you (us), but my remaining shares are being ‘played with the houses money.’