Friday, February 24, 2017 9:46:40 AM
Adjusting for the 1:25.1 reverse split, that is $4.48 at today's dilution level.
That's a 99.4 PERCENT LOSS in 3.5 years.
And the answer to the question: "What does one have to lose now?" The answer is of course whatever the remainder of the initial investment(s) still exist.
Unless one would happily take a match and burn $500 cash, why would anyone lett $500 in an account CONtinue to vanish to ZERO?
Sunk costs fallacy.
Averaging down to zero is a proven 100 percent lose plan - and it's the most commonly executed 'strategy' for pennyscamvestors to follow. It's a psychological error - avoidance of facing the reality of having been utterly wrong and realizing the loss. So this averaging down to zero strategy just delays the pain butt at a growing LOSS and a bigger ultimate pain.
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM