I find myself in a bit of a quandary over CRGP. I realize that investing in the stock market is a bit like gambling. You hope fortune smiles upon you and not the other way around. The problem with gambling is someone always wins and someone always loses. The key is making sure you are the winner. Some people do this by analyzing the financials and market conditions and then basically betting on an outcome, up or down. However some people do this by fixing the game or playing to others greed. The first method is morally taking the high ground by doing your best to choose properly based on your own abilities. The second method is morally taking the low ground through deception and fraud.
My quandry is the same as everyones. Am I a person of good morals or one of bad morals? Let's say I believe that CRGP will never recover from this fiasco and that if it ever does trade again the only people who would be buying shares would be those who are either deluded or simply uneducated about the eventual outcome of situations like this. Do I dump my shares as fast as I can and get out or do I suck it up and count on a complete loss?
In the first case I would be taking advantage of the deluded and uneducated by playing to their greed. I would knowingly be contributing to the harm of those individuals and that would make me a person of bad morals. In the second case, even though I stand to lose everything, I would be a person of good morals because I refused to be a party to harming the deluded and uneducated.
It may be easy to make that choice if you are only talking about a couple of hundred dollars but what if, like me, you are talking about $18,000, almost your entire portfolio? Could I live with myself if I took advantage of someone else like that, or could I feel good that I kept 3.5 million shares out of the market that would have harmed someone else?
If I decided to dump my shares, knowing they are worthless, how would that make me any different from the scammers who dumped their shares, knowing they were worthless? Where does good end and evil begin? What determines if you were a good person when you die is not by how others treated you but how you treated others. How do you want to be remembered?
