Wednesday, February 24, 2021 10:31:19 PM
Like my DD Thread this is going to be a very long post
Disclaimer: I'm posting not to push people one way or another. You all make your own decisions, and have your own risk/reward tolerances. I've been here since .0002, I've posted all of my DD freely and honestly, because I truly believe that the rising tide lifts all boats. I held every share once I got onto free shares back in November until I trimmed today. I'm posting this because I've been asked by many to do so, and I think I may have beneficial experience to share.
I decided that it was worth it to take another $50k in profits and trim my position to 1M. Note that I held everything when those same shares were worth more than twice that amount, because of the potential. I've kept 1M because of the potential, but my top 2 reasons for trimming are:
#1 I believe the R/S is legitimate (more on this in a minute) and I think while value is preserved shareholder confidence isn't. I've been down this road with Lazar and I lost.
#2 I believe the Merging company is Shenzhen Atsugi Wealth Management Co., Ltd. which is a company of $15 Million USD/ 100M YUAN and a subsidiary of Shenzhen Qiao Financial Holdings. My hope had been that it was the entire pie of what I estimated as roughly ~$250M USD in Shenzhen Qiao Holdings, and because its only 16% of that I feel it has 16% of the potential). It also seems to rule out the REIT angle that was my peak interest lately.
I may be wrong about both of the top 2 things, and this may progress to the highest potential, which is why I kept 1M shares (I wouldn't be able to live with myself if I was completley wrong about this after all the work I put into it, literally 100 hours minimum, I started to learn to read Chinese for XMET research), but in order to illustrate my reason #1 I'm going to quote a post I made in my home forum, with some screenshots corresponding tweets I made about a previous .000 to Penny Lazar play QUTR which became BRRN. I denied the reality and it cost me money and time/opportunity cost. Look at the language I use and what many people are saying today.
All of that to say, I'm impressed you made it to the end of this post. I hope that you all become millionaires, because it probably mean I did too. I'm going to let my remaining 1M go to long term gains. I think even at that point they'll be worth more than the $100 I paid for them. I just hope those that paid $10k for 1M shares are fully aware of the risk they're taking for their reward.
I'll continue to post on the boards, although not as much, and I'll continue to do DD occasionally. Goodluck and Godspeed XMET!
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