You asked, I'm going to tell it like it is:
You didn't get taken in by the distribution. You were ruined before you ever bought it---because you didn't know what you were in for.
Plain and simple---they last paid out a distribution in November of 2015. That's just about two full years ago! That means that quarter after quarter after quarter after quar................................
Get the idea? You stayed put without any reason whatsoever! There was no certainty. No reason to expect things to turn around soon or later or whenever! You let go of your investor's sense of responsibility and failed to do anything. When we take no action, we fail ourselves, our families and friends and our own integrity.
This is your moment to eat sh-t but you've got to do it and do it now so that you can find your way back to self confidence. This pigshit has to be dragging you down and you know you're better than this. That's why you're reaching out to me now. That tells me you're built for far better moves.
Get out of this dog. You don't mention details such as your buy in cost, your cost basis if you added shares, why you stuck around when they discontinued paying a distribution... you provide no info. But I can see in a heartbeat that you held on as though expecting a turn around.
The longer you wait, the less opportunity your money has to add to your wealth.
I advised way back for folks to get out of SDLP. That proved to be more sensible than even I could understand at the time. Now, of course, I'm glad I saw things well enough to help others ease out of painful losses before they could rack up.
Look at the latest quarterly statement. Clearly the company is losing money steadily. I see no relief in sight. This is a very small company. I'm not seeing much of an opportunity here for the company to prosper. As for the unit holder profiting from ownership? I don't see that because I don't see the company figuring out how to make things work.
Get out of this thing!
I'm sorry if I bruised your feelings but I think these things had to be voiced. And you need to hear them.
Let me know what you do, please.
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