Thursday, February 28, 2019 12:01:09 PM
Although I was out of this game for a whole bunch of years, it seems like almost nothing has changed in the penny game. Anyone that has held on through an RS knows it's brutal and more often than not, you the shareholder, are toast.
Myself, I saw plenty of warning signs, so while I could easily place blame on the company and the P&D brigades, I knew better. This is exactly why it's strongly suggested we don't invest more in these than we can afford to lose. Glad I at least paid attention to that. I considered throwing more good money after bad to average down further but something told me not to.
Before I quit playing these in 2001, I went through four reverse splits and three of the four never made a sound again, while one somehow survived the fire and we got paid. That said, I'm not holding my breath here because the horror stories we hear about pennies are mostly all true and the odds of this working out in our favor aren't good.
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