InvestorsHub Logo
Followers 34
Posts 2796
Boards Moderated 0
Alias Born 10/15/2014

Re: Jiminy Cricket post# 11595

Wednesday, 02/15/2017 11:28:16 AM

Wednesday, February 15, 2017 11:28:16 AM

Post# of 43076
I didn't bail because I received this email the day before Christmas:

Dear Luke

ABCO has always been a conservative organization and we are struggling to
rid ourselves of oppressive debt. Now that the convertible debentures are
done, we are attempting to organize our share price efforts to create
shareholder value. The conversions eliminated about $700,000 in debt and
now we can get the rest taken care of with our relationship with Blackbridge
if we carefully orchestrate this recovery.

Yes, we are intending to do acquisitions and expansion but must clear debt
first. That is happening and 2017 will be a better year.

Best regards
Charles O'Dowd


That and before the RS this was only 5% of my portfolio. I added here after the RS and made it closer to 10% of my portfolio and on very low volume it has continued to drop and now it only makes up 2% of my portfolio. Oh well. It's truly pointless to sell now. I feel worse for others who did not have better position sizing to control their risk.