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Re: junkHustler post# 73233

Friday, 04/27/2018 5:47:40 AM

Friday, April 27, 2018 5:47:40 AM

Post# of 85915
And I respect your position as well. It takes all kinds of different viewpoints and perspectives to make a market - whether here in penny land or on the big boards.

I do agree with your point about not casting history aside. And there are those that do learn from it. Also keep in mind - history does not always repeat itself (particularly if management teams learn from their mistakes). If you would allow me to share a more personal example, I can tell you that my family lost a lot of money when General Motors and their parts supplier Delphi Automotive were run through the agonizing wringer of bankruptcy several years ago. Do I trust those management teams? Not really. Did I invest in those organizations again when they reorganized and went public again to have another go at it? Nope absolutely not - I had that once bitten twice shy mentality so I opted for just about any other alternatives for our capital. But did that really crappy part of those companies respective histories stop those new "Johnny Come Lately" investors who took the leap of faith to invest in the "new and improved" companies when they went public again? No, [so far] both sets of investors in those new companies have fared much better than the previous set of investors did - because so far history has yet to repeat itself in those situations.

I do appreciate your perspective and like reading your comments if for no other reason than to try to get both sides of the argument. As I said, it takes all sorts of view points and perspectives to make a market; if one party sees opportunity where someone else sees excessive or undue risk, they sell and the other party will buy and vice versa.

I think things could start getting a bit more interesting around here. These guys have publicly announced targets and have been executing on them. Positive first steps in my opinion.