Saturday, April 05, 2014 5:17:16 PM
I would agree for the most part..there are some that are better than others but in this case the history past to present has this one IMO right there with the many. It is legal...but the DTCC has a strong opinion on how to deal with this issue and have a host of them daily on their plates.
The value here does not come from investing...it comes from flipping the pinks. Good money to be made if the are liquid. This one is illiquid and has many trapped right now or unmotivated to attempt to sell because of the size of the devastating 5000/1 R/S. They hold on now because the cost of the transaction probably costs more than their stock is worth or one might as well hold it ...it can hardly get much worse so whats the point.
What CEO pays himself 400k and provides zilch for the shareholder...even his disappointing news was a bust. Their isn't a shareholder in a show of hands that would approve that salary structure without having it backed with results. These CEO's in the pinks are not accountable to anyone... no audits required...what they become is fluff experts.
Sorry for your pinky experience...it is just to common though so I'm not a bit surprised but disappointed people still use hopes and dreams as an investing strategy like they have with BFHJ. Share the learning experience.
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