I've tried explaining how the OID works and how the amount of the discount will be returned to the company as an investment when the uplist or a fundamental transaction occurs (which is also explained in the filings, meaning they wouldn't really have a 30% profit) but it falls on deaf ears. You seem to be convinced Yozma has converted the entire debt amount and sold those shares to make a quick profit. I posted your own words about how you were no longer going to post, yet you continue to post about how the CEO is incompetent and a scam artist, and continue to have no balls to take any action to do anything about it, other than hope this investment works out. Best of luck. Maybe the losses won't be $275K here as they were with AMBS. I still don't understand how someone could risk that much in a penny stock in a company with no revenues.
Because we disagree on several aspects of this company, I did take a look at your other posts made in other investments, and it seems like you are pretty much unhappy with every investment you're in. Seems to be a pattern of staying invested long term in companies where the leadership is inept in your view. That's why I suggested growing a pair. Or just continue to make bad investments and do nothing but complain about them. That will work out well, I'm sure.
And the best you can come up with is that I'm either GC or working for GC. Pathetic.
I am debt-free and invest over half of my income. I have an amount invested in this penny stock (with growing revenue) that I can afford to lose. This is the ONLY penny stock I own. My other investments are spread across mutual funds and listed companies that are all doing very well. I don't bitch and moan about the fund managers or the management of those companies. I don't invest hoping things work out. I don't invest in companies where I have no respect for management or how they are performing. If I discover I've made a bad investment and management isn't meeting my expectations, I have the good sense to get out and look for better investments. Clearly some investors haven't grasped that basic concept of investing. So it appears we disagree on much more than just the 30% OID issue. But whatever, it's your money to lose investing in penny stocks run by, in your view, inept management. Good luck. Hope that works out for ya.
