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Claiming that a company is a scam just

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TraderGash   Wednesday, 11/19/14 09:40:57 AM
Re: bigboard post# 11748
Post # of 32241 
Claiming that a company is a scam just because the share price declines shows a lack of understanding of how the market works.
Nortel Networks once had the highest market cap of any company in Canada. It's share price dropped from over $100 to 10 cents. It was not a scam.
I agree that VAPE is overvalued, and while it is a "real" business, it was set up primarily for insider enrichment via convertible notes at conversion rates that are highly profitable to the holders of the notes (insiders). The share price is also very high based on an analysis of the financial statements, even if you assume a huge increase in revenue.
For these reasons I hold a short position which I am unwinding as the price drops.
Your continuous rabid ranting is one of the reasons why short sellers are generally not well respected!

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