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Toxic Avenger

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Toxic Avenger

Re: Blizzld post# 2716

Tuesday, 12/01/2015 1:20:23 PM

Tuesday, December 01, 2015 1:20:23 PM

Post# of 26233
If you're basing your assumption that some recover on this, "An analysis of 80 public filings shows that a company that does a deal with Magna sees its shares plummet 55 percent over the next year, on average. Most never recover and wind up trading for thousandths of a penny or less. Sason says that’s not Magna’s fault.", I wouldn't.

I've never seen one recover, and if they do, it's likely to be less than 1 in 100. Of course WSTI fell faster than most, losing 99.99% in a year.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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