What a shame
This is one where no matter how smart you are - and how long you have been doing this- when a CEO goes to myriad lengths to purport major material event and then when the news comes- it's literally something of no consequence at all - there is literally NOTHING we could do to rescue our shares from the dilution that occured. At some point, I will pray that averaging down at a particular moment will eventually yield a better result when timing is better for the ticker.
The worst part...the CEO here actually still owes NEWS. He literally still keeps tweeting away that we will get the ,ate rail event. So that's why I compared this to ACOL circa 2016. All of a sudden - this moves 200% and boom - we finally get our money back and if fortunate - rebound.
Why am I confident we stand a chance here still? The increase in Shares on the SOS. The action to raise the a/s meant that we didn't face a reverse split. We didn't have it even worse and see our share value completely wiped out from a RS.
One thing is for sure, I'm not certain what investors is going to post on here and admit they still have shares - but that's not hoe I roll. I say it like it is and when I have DD or thoughts to share. I hope other smart traders will reveal themselves so that many others here can feel some sense of understanding that sometimes - we all get stuc
ALL POSTS are just opinion! Never BUY/SELL stock based on them! One MUST consult a licensed stock broker!