Great posts Manny and I'm referring to all the posts with which I'm trying to catch up. I see so many conspiracy theories and this has not changed. I get a lot of PM's. You name the theory and I've probably seen it. I've posted about them from the earliest days back in the .002's. I tend to ignore them and to try to keep it simple.
I still think it comes down to basic human nature. If this turns out to be a scam, then Petar, Steve and whoever may have been involved, will face regulatory authorities or worse. I've felt that way all along. I made my own decisions on the stock, and, as stated many times previously, even defying my own rules for companies in the pinkie area.
Each of us has our own MO and rules for investing. Sometimes we follow them, sometimes we don't. Blaming others is futile. It doesn't change one's decision making process. If one blames others or points fingers, then one is likely to repeat the same mistake in the future. Those who spend their lives on message boards blaming others, often with lies, are often mere worms, infested with envy or other agenda, hypocrites pumping their own agenda and often similar investments.
I often write about MM's and hedge funds and naked shorting. Yet, I can not blame them for any loss I have suffered. I know the environment and I factor that into my decision making. I'd like to change the system and I'm working in real life to do this. I'm also working to require more full disclosure by all US companies in an efficient and cost effective manner. Changes, such as these, would make moot most of the issues with which this board has been involved in endless discussion. However, it won't happen overnight. So, anyone investing, has to factor in the environment as it currently exists.
At this point, it still comes down to the AF's in my opinion. My position has been consistent, irrespective of whether the stock is up or down. IF they come through and IF they are close to the previously PR'd numbers for assets and revenues, then this will be worth holding as a potential multi-bagger. IF that does not occur, then refer to the paragraph above and my prior posts about regulatory authorities that will deal with scamming.
That's it, plain and simple, make your own decisions. I've been asked to make price predictions many times. Despite those who urge me to do the same, there is one truism on these boards. Nobody knows where a price is going. I've yet to find anyone who predicts correctly more than 70% of the time and that is high. Whether it is TA, FA or astrological based, anyone who claims to be right in his stock picks all the time is lying.
It all is a reflection of the level of uncertainty. As I often post, there is a price to be paid for certainty. IF that certainty becomes more evident, and the AF's would be the best evidence, then the price will reflect those glorious predictions made so often by others. But, until that happens, the price now reflects uncertainty. Anyone who thinks that a message board post of "to the moon" or a price prediction is factual, is deluding himself. Similarly, anyone who thinks that he should sell because of claims of bashers knowing for certain that something is a scam or that it is going to .001 or that so-and-so is hyping a scam, etc., etc., is only deluding himself.
Make your own decisions, based upon your own net worth and appetite for risk. What I can afford to lose is very different from someone else. As I often post, do not buy, sell or poop based on message board posts. Do your own DD and always be careful. Do not be influenced to buy at the top or sell at the bottom without doing your own DD and don't blame others for your own decisions.
