I recently discussed a couple of my "ultra-risky" microstocks, BUGS and CANM, with a friend who is a professional broker. He agreed that BUGS was heavily diluted and would need to undergo a reverse-split at some point... and at some point he told me that if a customer of his had one of them in his portfolio, he would encourage him/her to get rid of it asap.
Now, I didn't have time to pin down which one he was referring to, plus here's my dilemma: I love BOTH of these stocks! CANM's managers have a history of success and some major contracts in the pipeline (specifically a piece of a $5 billion GSA contract), and BUGS is successfully spreading throughout Mexico (finally!).
I honestly don't see either one of these as being in danger of collapsing; CANM might have a more proven history, but both have some serious upside happening in the next quarter or two.
Thoughts?
"When Fascism comes to America, it will be wrapped in the flag and carrying a cross." --Sinclair Lewis
