MIB, you can add me to the list of the naysayers that never shorted. I was a long, for a long time. Beginning twenty years ago this summer.
But over a decade ago, I began pointing out that SKS was either not telling the truth, was incompetent, or both. (I've for a long time now been rather certain it was both.) I originally wasn't sure which, but said it didn't much matter, as either didn't bode well for our investment.
That, of course, immediately branded me, and put me in the penalty box. I divested myself of most of my shares years ago, thankfully. But held on to a very few right up nearly to the bitter end. There were a lot of opportunities to trade in and out over the last decade, and that helped. But no way was I ever going to believe anything from a Wave CEO (or a feel good board) again, after learning the hard lesson many years ago.
It truly was an unbelievable saga that dragged on for TWO DECADES. I too feel for (most) all of the folks that got hurt. I may have even been one of them, I'm not sure. I've never tallied up the net of dozens of gains and losses I incurred over nineteen plus years playing this p.o.s. And don't intend to. I just know I'm "lucky" to have seen the handwriting on the wall ten or twelve years ago, and to have escaped most of the worst of it.
I expected it to all end some years ago, and am very surprised (and wrong) that it took this long.
I was almost "addicted" to watching these dadgum boards. Just for the "coffee shop" aspect of it. I'm glad that addiction has finally been whipped!
Best to all,
D&O
