Niocorp Developments Ltd (NB)

[Dead On Arrival]

If you want to see real pain check out DCTH in the biotech world. I started trading and also investing in this company around 2003. Stock over the years went from 50 cents to close to 17 dollars a share and some good money was made. Then the roof caved in and terrible management and a complicit BOD has driven the company into the ground. The closing price today is 64.5 cents. If you that is terrible for shareholders, over the past few years they have done some reverse splits that boggles the imagination.

A friend sent me an email that a $920,000 investment at the zenith would be worth less than 1 dollar today. That is a serious hurt. I know a few guys that have lost millions.

We are not even in the same ball park as other investors but there has been some damage done here. NIO has lost a large percentage of value in 2017. Let us hope for a much better 2018.