InvestorsHub Logo
Followers 8
Posts 1135
Boards Moderated 0
Alias Born 12/07/2016

Re: zc182 post# 19370

Monday, 12/26/2016 12:23:21 PM

Monday, December 26, 2016 12:23:21 PM

Post# of 107737
I hope that you're right, but the math on this is astounding.

Your example of someone that bought in at $2...say they invested $20,000. That means that they bought 10,000 shares. The exact same shares now cost, what....$20? The same $20k now buys, theoretically, around 5% of the company.

So they can spend $20 and cut their avg cost per share in half.

Or spend $200 and cut their avg cost per share down to $0.18.

Math on the back of a napkin, so forgive me if it's off a little. I'm only saying that if someone is hoping for a comeback, I hope that they aren't still in at $2. In a strong scenario it might be a year before this thing gets back to a penny. Or...who knows...maybe a week. This is a crazy situation.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.