Let's be clear on this. I'm not the least bit concerned with people disagreeing with my comments or agreeing with them. I only put them out there because this is supposed to be an investment board and what I've said are things people MIGHT want to consider. I'm not promoting one way or the other.
Playing the tables in Vegas is a crap shoot. Investing in companies, at least in my way of thinking, should be more than that. To each his own.
Companies close their doors because of faulty plans or poor execution. The lack of cash is a symptom of a bigger problem, it's not the reason for failure. It's what put you in this position that a company needs to fix. Same with spread, volume, etc. Those are symptoms of the same issue.
What is better for investors, always, and it's why the SEC exists, is to be open, honest and transparent. I predict the end of this quarter will show results that are in line with my observations. For everyone that's long, I hope I'm wrong but I have nothing to gain or lose on this. No reason to try and convince me of anything. You can consider what I say or ignore it. I'm good either way.
The question now should be would you buy this stock today, sell, or pass? We all get to make that decision on any holdings every day. No different here. The past, no matter where you might have gotten in, is irrelevant for all but tax reasons.
You are correct. Time will tell. I'd suggest this though, calling the company to see if anyone pics up might put your mind at ease or it might not.
Perhaps talking with an employee or a customer could do the same. The other guy already declared that I'm clueless. Let's just leave it at that.
Good luck.
