I can’t respond to PM’s. All I can say is that I was wrong about Verus and it cost me a lot of money. All of the hours of DD and discussions ended up being for nothing. I had a very substantial gain and it slipped away and I kept waiting for it to go back to the highs (never do that - my lesson be happy with any profits). That’s all I can really say. If you want me to tell you, you were right, “you were right,” but it wouldn’t have mattered what you said, because I typically don’t make decisions based on what others say on message boards and I was not seeing what you were saying at the time. In hindsight, yes, I wish I would have sold long ago, but that’s not reality, so I’ll take my lesson and go.
I agree toxic debt ruins investments. Early on the convertible notes were among friendly investors who were also shareholders, (AG, Monaco) so it didn’t seem as much of a risk as it did a short term finance deal to fund revenues. Anshu seemed to be more responsible about debt back then. But I think he got greedy and stopped being responsible and stopped servicing the debt and just stuck the shareholders with the bill. Its a shame how this played out, but it is what it is.
I’ll stick to trading low float big board stocks from now on. I will never leave money in the OTC. I might trade one on a swing, but that will be my tolerance. As I am thoroughly disgusted with myself for missing profits, but also for missing what was going on and misreading this so badly. I put my faith in Anshu, who seemed different early on than anything I had seen in the OTC. That’s how he hooked all of the Long’s and gained our trust. In the end it was all for deception and manipulation. It’s all on Anshu/Cutchens for not being honest, but I should have gone long ago. My mistake was believing this OTC was different. Obviously that was a mistake, one that I won’t make again. I do wish everyone the best of luck here and in the future. I hope the SP returns with a force for all who stay. I will maintain a few shares on watch for a while, but I am all but out. GLTA
-C
“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16
