Of course it is high risk, but so is the lottery and yet people buy hundreds of millions of dollars in tickets.
It is a potential turn around situation and all such situations are high risk. Even though some other stocks have done really well they would not be ones I would have even taken a lottery ticket chance at. no product or hardly any sales etc.
Heck i am not the one buying huge amounts of stock in this but someone is buying a lot.
My posts here are pretty straightforward, if the convertible can be taken out this can be a huge win. There is no benefit to anyone "pumping" the stock because it can go nowhere right now. No matter how much buying comes in the selling of the converted shares will dwarf it.
So I gain no benefit by mentioning the potential here, just analyzing it from a financial point of view vs other companies.
While I only play with small dollars compared to many, many of the things I do benefit me in other ways. I re-connected with a friend/client to talk about this company and he gave me a bunch of accounting business for his entities which is 10x or more what I invested here.
A number of years ago I was researching bitcoin and while everyone pointed to failure and high risk, that small amount of money yielded a 400% return. I also made 40% on the more recent purchases. Closed out 90% of the position and still hold 10% and dollar cost averaging in waiting for the halving of new supply coming in the summer. Again not big dollars.
The magazines I purchased years ago when reading up on Bitcoin became collectors items and I sold them for 5-10x what I paid for them. Issue 1 of Bitcoin magazine now sells for over 100 bucks on ebay.
I actually have one friend, a major contractor in my area that wants to distribute/install these and a co-worker CPA that wants one or a few installed.
