InvestorsHub Logo
Followers 218
Posts 38765
Boards Moderated 0
Alias Born 04/29/2008

Re: User-65225 post# 42219

Wednesday, 05/23/2018 6:56:18 AM

Wednesday, May 23, 2018 6:56:18 AM

Post# of 52915
They did that already with NV. It worked for a while, got the stock from $.01 to $.23, but the game has played out and they have taken on almmost 2 million in toxic notes in less than 9 months. The dilution from those notes will ensure that even with the greatest hype in the world, the stock will fall.
As another poster pointed out, maybe in 10 years they can come up with a new story for new investors and run it again, but for now, it's just throwing away good money, IMHO.

"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.