My suggestion is if you don't like something, don't keep eating or drinking it.. Obsessions are not healthy and can cost lots of money when you are wrong. I've been following Saleen and buying for a very long time. My initial investment has turned into crap, but I have averaged down and might make a very large buy when I see upward progress. A PR from the company showing black and white results.
As so the PUMP AND DUMP, this is penny land!!!! everything is a pump and dump, Saleen has product, revenue, followers and innovation. Saleen tried to use shareholders to fund the company but the stock declined too fast, so they switched to toxic notes. I'm not happy about that but I still believe in the brand. Who cares who the notes are from, it made it possible to produce some amazing cars in 2015. The game changer will be the announcement of a new supercar!!!
My opinion of the toxic notes - seems only a few companies are very well known for lending money!!! They take the risk and they have very steep payments for a no collateral loan in the form of shares and stiff early payback. They are no fools and we all know them, I think what many of us so called traders should be doing is entering the loan a business money for shares line, give these guys some competition so that they have to reduce the toxic terms. The toxic terms insure they get paid, but they often destroy companies as they convert the shares and sell for ANYTHING. My message to all you accredited investors, seek out public companies that have a real chance and back them, don't dump shares to recover your money unless you have to, give the company time to make your shares more valuable. If 10 accredited investors put up $100,000 and went long a company might have a chance.. Instead you get toxic investors that dump the minute they can make any money back. In turn this devalues their investment and potential gain. When the US government did bailouts they didn't put insane conversions to get paid. They wanted the companies to get back on their feet not bury them in fees. Even the IRS, who is known to be ruthless is not as bad as the current toxic debt loan sharks. We want to get rid of them we need to create competition for them, that's how you take out a toxic business. The US government was losing the marijuana battle so they legalized it and now they tax it.. That was a smart business decision.
.__ . .
[ __* _| _| .
[_./|(_](_]\_|
._|
. ..__ | |
| |[__) | |
|__|| * *
