That is the lure of the penny game, and why we all congregate here day after day. The problem many of us have, is placing trust in others and most especially in the company officers associated with these stinky pinkies. Every once in awhile, you come across a company and its' management that wants to do the right thing by its' stake holders. BETS, admittedly, has made prior transgressions that have placed it into precarious financial dilemmas, necessitating the deals with the devil so to speak, toxic financiers. When the financial institutions close their doors, often times companies are forced to the back rooms of these predatory, avaricious individuals. Many of these companies never succeed as they are continuously pummeled by these lenders.
BETS could have been one of these stories. They have learned from their prior mistakes, but learning in and of itself is not enough. They dwelled in the cellar that is sub-penny, but have systematically grown their business and customer base and are ready to tell their story. Give them a chance to prove it, always maintain a fair amount of skepticism, look not only at what they are stating in press releases, but also look at price volatility relative to volume. That will be the tell.
Tomorrow begins a new chapter in the BETS legacy. I believe we will succeed, and i hope that all reading this post will keep an open mind. Let the news speak for itself, let the price speak for itself, then make an informed decision as to what you are comfortable with. Risk tolerance is a necessity trait for those of us who navigate the penny stocks. Risk aversion is for the municipal bond market.
Regards,
SPORTYNORTY
