There are a few reasons why I believe the promises that are being made now.
Firstly, the massive rise in stock price. Nothing convinces me more than someone putting their money where their mouth is. Surely going from trips to a penny must’ve moved the needle with you. Without this massive rise in stock price, I would be skeptical as well. But this time is DIFFERENT. A LOT of money was invested to get us to a penny and at that point the only news that had come out was that the company has secured a long-term investor to take over it’s toxic debt. (Which also is a big investment that someone made based on something they saw or know) although the toxic debt news is great, it’s not worth the company going from trips to a penny. A much bigger catalyst that had not been announced or put out there yet, brought all that money on board
Secondly, the SEC wants Rik’s head, and he knows it. They are watching and documenting everything. I look at that as a reassurance for us investors. That is the whole reason why they exist. Do you think he would risk his livelihood telling lies while big brother is looking over his shoulder? At the moment it would appear that the worst case scenario will be a five year suspension for him. But he pulls off some shady stuff now, he’s looking at something way more serious. Do you agree?
Thirdly, they are actively working to get current. Is there any doubt there? Why it’s delayed, at the moment I believe that the crazy tax season is delaying things, I will give them the benefit of the doubt, but if another two or three or four weeks go by and we don’t see any filings, I might join you in your skepticism. Is there a correlation between the SEC suit delaying and the filings being delayed? I can see your point, could they be using the filings as a bargaining chip or is it part of a settlement agreement? That’s certainly a possibility. But at the moment, my life experiences tell me that the more likely scenario is that the accountants are crazy busy. But like I said, I will revisit that with you in 3 to 4 weeks.
The reason why I bought into this company ate the same reasons that the doc outlined in his post last night. None of those fundamentals, IP ‘s, patents, potential’s I have changed. Even I glow, doesn’t criticize those.
Anyway, time will tell what the truth is, but for me that massive rise in stock price, which is by the way, a massive INVESTMENT into the company’s outlook, changed EVERYTHING for me.
AI
