Hi Everyone
So I am introducing myself as another person that has lurked here (since Jan 2014) when i first bought into SGLB, without contributing in anyway. I am not a new share holder with a grudge. The only reason why I have not contributed is because I honestly thought I couldn't add any value. So i would firstly like to thank the usual crew here (both bulls and bears), for their continued insights, research and thoughts. I have found this place extremely valuable - especially when i get limited DD time due to busy working hours. I can come here and find all i need to read/links to research. Again, thank you!
I had 310,000 (now 3100) shares to which is an accumulation since Jan 2014. My average was .056 p/s until I bought more a few months back which raised my average to a tad over .06c. I still hold.
Today i thought i would join the community and at least say hi. This R/S is the first time i have been worried. Like others, i did like seeing 310k shares. If it went up, i could reap the rewards. I think the first mistake people (including myself) make is not to recognise the Market Cap. Would it have ever gotten to $1, turning my investment into $310k? Probably not. I now sit here saying there is no way this price will hit $100, where $1 did seem more realistic. Again, the market cap is ignored.
I need to keep remembering the market cap so i stop anchoring on my previous dreams for share price.
That said, i am worried that the new price of approx. $4.85 will still drop further and absolutely kill my value. I am not sure what i will do, probably buy more. Is that a mistake? Time will tell.
I have trusted this company so far, i will continue to trust in the bad times until i see any deceitful behaviour.
Anyway, thanks again everyone, i will now go back to lurking.
Oh and BTW, i use OptionsXpress and i received an email last night at 9.49pm (i live in Australia so that's AEST) informing of the changes. I logged on and the new prices where being shown. OPtionsxpress have been very good.
Cheers, Aaron. (not the Aaron from the conference call questions).