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Friday, March 13, 2015 1:17:50 PM
This may be a silly analogy but I look at MRIB stock as milk compared to wine. Accumulating and improving a better average price, albeit still a loss, is fine but as previously stated there has to have a reasonable expectation of appreciation or gain over that average price. Milk goes bad, wine doesn't and most wine appreciates in value and quality over time or at least there's very reasonable expectation of such. Wine can be resold. Try and resell a case of expired milk. LOL. Wine has a timeless market with intrinsic value at any given time. Milk is a perishable with no market and a static to decreasing value over time without any expectation of appreciation.
I think anyone buying more MRIB is setting themselves up for a fridge full of spoiled milk at the end of the day. Time is an enemy here. Further buying only keeps the charade alive and going at great expense to MRIB shareholders doing so and more loss of wealth. It creates a false sense of confidence for existing folks holding and hoping in the form of a seemingly stable PPS (for a while as the ridiculous tape paints in a thin market illustrate) but in the end it just supports a receptacle for insiders to keep loading off stock albeit in smaller chunks but still at huge profit.
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