InvestorsHub Logo
Followers 72
Posts 5719
Boards Moderated 0
Alias Born 12/27/2005

Re: JPetroInc post# 117690

Tuesday, 09/15/2015 9:56:54 PM

Tuesday, September 15, 2015 9:56:54 PM

Post# of 130503
You didn't say how many of the additional 1B were actually used for what. Some may have the impression that they were all used which is far from the truth.

If we bought $34M of 3 recent assets and the market cap is $17M than either the company is much smarter than the emotional retail investor or a bunch of chumps. If the people believe the latter, then they should have sold while they are ahead when the first acquisition was announced. If they spent $34M on $340M of assets, then good job. Not as great as Vivek, but he has his Mom helping out.

they don't have the money - nor the means in which to obtain it if they remain on the OTCBB


This is a holding company. At anytime they could sell an asset to fund the others. The question is, how long do you hold out (i.e. why take x today when someone will pay you ... down the road.) Longer you hold, the more unnerving it can get.

One thing is for sure. If you held this long, you're likely to hold a little longer and this will all be a mute point. Just keep in mind. What's the biggest mistake in investment. It's getting out too soon.