I agree.
That was just a general case posted because on this board over the last 3-4 months there have been discussions about companies recovering from the .0001 (or in some cases lower) even after huge dilution.
This is always a difficult case and a longshot recovery but it is good seeing how some companies crawl out of the hole in terms of the steps they take and how things play out.
My risk capital is extremely small but have been doing well of late. Everything I do and research seems to benefit me in my business as a CPA (I own three small companies). Just the other day reading the REG A rules about Crowdsourced equity funding led me to make a call to someone working on a platform and I have a new client and this guy always makes it big, use to make 1 million a year on his w2. You gain knowledge by researching and learning about new things , about companies etc.
For example, 4-5 years ago I was introduced to bitcoin. I bought an ebook on the subject and refunded 5.00 of the 10 dollar purchase price in bitcoin, which then zoomed. Best book buy ever. But I added since then its up about 40% in a month or two. I caught a triple on another near dead stock, but like I said with a small amount of money and I currently own another company in a scientific field that just got a 150 million dollar contract. I read EVERYTHING. My general idea is to carve out a small amount of money and invest in things which are risky but if they move can be 10 baggers or better. you catch a few you do well.
The best thing about no bid and .0001's along with the incredible high risk is there is little of the "I bought the pump" risk. This is where everyone loses money. Like people that paid 60 cents a share or more for windstream and put in 30,000 dollars or more etc.
I am uber conservative personally. What money I do have (not all that much since i paid cash for my daughter's college) is in cash but I am hoping to keep carving out a bit here and there and work on some new projects.
Wish you luck with your investments :)
(as always everything posted here is my opinion due your own due diligence, all low priced stocks are high risk)
AI
