Saturday, April 22, 2017 12:48:43 AM
I had a similar experience years and years ago with a company called Gameznflix. It was on the ground floor of the move away from bricks and mortar stores for renting video's and instead getting them by mail. Gameznflix not only offered films but games as well. I signed up and got my DVD's in the mail as advertised so I went all in. In total I " invested " $20k of my hard earned money.
Well it turned out this company was owned by a " businessman " who instead of rolling up his sleeves and building a company to compete with Netflix decided to take the easy route and sell shares.
I thought I was set for life when he got a deal with the now defunct Circuit City stores! I was literally walking around for weeks believing I would never have to work again and have complete freedom to do as I please...until the massive dilution began followed by the mother of all reverse splits! Share holders were left holding the bag of all bags and a coulda, woulda, shoulda story!
Should have hedged my bet and put half the money in Netflix. I would be a free man today and not on I-Hub writing this post!
Isn't hindsight a beautiful thing!
With determination success is inevitable
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