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Re: phrocks post# 9684

Thursday, 07/06/2017 10:07:03 AM

Thursday, July 06, 2017 10:07:03 AM

Post# of 25762
I'm not saying that this would happen, it is just since I was invested in another company that did it I worry.

With this other company, SP was over $3.00 (250M$ MC) and gradually faded to under a dime while construction was ongoing. The company said that the companies MC did not reflect the value of the company, so turned it private and compensated SH by paying the MA over the past month or something, which was in the pennies.

Unrealised losses and the hopes of gains vanished.