What you have posted, what many here have posted are observation and commentary of a general nature based on the actions that have been observed. Many of us have been here for years and had front row seats for the slaughter. All the while having our voices muted, and in most cases distorted by those who wanted the flow of information painted a certain way.
Too bad some of those same people chose not to participate or pay attention to the real world issues that were being raised at a time when it may have helped them see they were clearly throwing money down a sink hole. We discussed numbers in a manor that clearly shown how deep a hole would have to be dug out of for the company that is now as dead as the money invested became, to even get back to a point where the losses would be less than horrific.
The life lesson learned should be there were two sides to every trade. A long and a short side. The endgame for both is to make money. The longs took the very wrong view of the shorts as evil. The shorts looked at the very same data the longs had available to them and made a calculated and, by the way, correct analysis of how this company was going to fare based on facts.
The frying of the shorts never arrived because the company never had what was needed to carry it forward. At no time was the company ever capitalized in a fashion that would have ignited this. They took the largest chunk of cash they got from PGE and squandered it. Then they continued to show weakness when decimated shareholder value by increasing the float when there wasn't any viable gains in the EPS. The RS gave all but the true believers reason to pause, but in reality it just allowed the abusers running this company to reset the cycle all over again.
Even when it came to light they were selling their future revenues at a discount to fund the company, that massive red flag was ignored.
Only when the company was painted into the corner and took the needle did reality finally come into focus.
The 8K I lost in this company( and had I looked at a forgotten brokerage account I would have saw a sale order was not processed I would have lost far less than that) probably puts me with the 1%'ers who walked away from this trainwreck basically unscathed.. and like those folks it wasn't my own money...it was Nokia and some satellite radio profit taking pushed into a flyer here.
The education from being on the front line for so many years has repaid me in spades far more than I lost. I could never put a price on that.
