If it drops to $2.00, that is still a 100% return from last year. That's a fantastic investment.
If I thought the stock was a bargain, I would still be in with all original 10,000 shares. That being said, if I had never sold a share, I'd have paper profits of over $80,000 now (no taxes to be paid). That's a lot more than my real $55K plus gains less taxes. There are a lot of stocks whose value is high and murkey to me that I don't touch. In fact, the only reason I never sell my Wells Fargo is because I have Warren Buffett's endorsement and I have him watching my back 24/7. Otherwise, that would be murkey to me too. But if it's good enough for Berkshire's 2nd largest stock holding (behind Coke), and a bank he said he would put all his eggs into IFFF he were forced to choose just one (said this back in 2008), then that's a strong endorsement for me to swim in murky waters. Without fear at all. I can swim in shark infested murky waters knowing Buffett has my back!
Anything can happen. Cannabase could have 22M in sales by the end of 2017. which would really justify this price because that's a very high margin data driven business. Or maybe it won't. This is called the stock market, Dude Dill. It's where bets are placed, and you get paid to be right.
2016 was an easy call for me. I knew I was right. I never questioned it. These are murky water to me. But if you get down to $2.00 a share, that's still a 100% return. Get down to $1.25 per share, and that's a 25% return in one year from where Alan declined it.
You have new warrants from accredited investors at $1.00 as revealed a few weeks ago. Jennifer at Cannabase makes a million dollars at just $1.00 per share. Doesn't sound like a rip off to me.
I may have missed the boat and the stock runs to $20.00 a share. I'm not placing any bets right now one way or another. But as the stock falls, iff it falls, the case to buy gets stronger and stronger. To you, it will be confirmation not to touch it. But to me, it will continually be a bigger and bigger temptation to touch it. That's why I make money and you just talk about making money.
BTW, in case you weren't looking, HLIX is already reporting to the SEC. There was never talk of an uplisting. HLIX doesn't do much talking. Just a lot of doing. You've already done more talking in one day than HLIX has done all year.
As a company, I don't question any integrity behind the halls of HLIX. As a company, they have a great service. I really love Cannabase and still see it as a potential moat. And that potential gets stronger with each strategic chess move Zac is making on a monthly basis. They have become market leaders overnight. They do what others talk about, and I have great respect for HLIX. This is not a normal penny stock.
Valuation is a mutually exclusive topic. There is a lot of subjectivity to it as well. And startups are just that much more difficult to value. That's a more sophisticated investor, one whose league Alan hasn't reached yet. He's still a newbie.
