Well I invested in a company called card of America about 5 years ago , it was a prepaid debit card company, it was an IPO before green dot and all these other cards you see everywhere now. My money was to be used to help get a ticker symbol for the stock exchange. I went in 250k and received 414,000 shares. Well not sure exactly what happened but the coa people voted Chris galvin off the board and took over and basically plundered the company it basically financially seized. So the shareholders voted to take over the company and merge with anos that already had a ticker symbol, it cost me about 140,000 shares after I was robbed with the conversion ratio. The stock shot as high as $4 on news of the merger, but all of our certificates were restricted for about a year, by the time the restriction was up anos was trading at about .20, today my $250k is worth $19k . Over the years I have watched so many board members come and go with big plans but none have ever delivered. They come in recieve a ridiculous amount of shares for"services rendered " then resign. I lost my home and wife and sanity over this investment, the guilt I live with on a daily basis is indescribable torture, I'm in a catch 22 because I'm always wondering if I will break even or should I just cash out 19k, it is a lot of money to me now.
So to answer your question yes it could easily take another 5 years. Looking at the financials this company has not shown a profit in years. What exactly anos does now or how plagenerate income I have no idea. My hopes were high with the new ceo but he will soon be there a year it looks like the same old "services rendered" routine is unfolding, but who knows wat's going on. Hopefully I'm
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