I posted on RagingBull, quite a while ago, a post after the cancellation of the good news and the start of the waiting.
I mentioned that the type of bad news we received, if done to any other penny stock, would have resulted in a 99.99999999% for sure permanent destruction of investments by all holders by a 10,000:1 reverse split or chapter11 or bankruptcy.
I was confident this would not be our case even thought for sure the future was unclear and company success, if it happened, most likely would not be that great story once thought possible.
My reasoning was a simple understanding that all the major players at Haber Science really for-sure expected great things for this company.
So unlike us investors telling friends & family to invest in Haber, we having no real inside knowledge, just hopes & dreams of getting rich, the officers and principle investors at Haber also told friends and family to invest into Haber, for which they did.
So unlike other penny companies, where those that run the show couldn't care dilly about the investors losing it all, at Haber they felt responsible to their own friends and family folks.
Of course there was their own pride and honor at stake.
So that's why I expected no big destruction of my share holdings.
I do expected that there will be another reverse split, but not massive, perhaps a 2:1 for accepting new private investors.
doug
The posts contained on my (gotmilk) account are my own opinions and are not recommendations or advise to buy or sell any security, stocks or other investments. These posts are for entertainment purposes only and are not considered to be facts or truth.