I’m sure you read the whole post. I show up when I see a KBLB PR in my email inbox. I read them hoping to be proven wrong about Kim being a fraud and have him announce sales one quarter followed by more sales in the next so that I might have a tangible, intelligent reason to buy back in. Still haven’t seen any sales at all despite the “highest production ever” time after time. Our justice system says, “innocent until proven guilty” (or just plain guilty but pardoned if you’re loyal to the “right” people). Kim’s lied, deceived and strung his shareholders along for so long, I view him as guilty of being a fraudster until proven innocent - until sales show up.
The “same dumb things” get said each time because sadly they still apply. Kim LOVES dumb people because they don’t see him for what he is and don’t consider how unlikely success (sustainable sales) is so as long as the dumb money keeps flowing, as long as the hopium is smoked, he can keep the gravy train going until he’s happy with his 401K balance. He’s over 59.5 yrs old so it could happen any day. I know that when I’m 59.5, I’m OUT. Done. Pina colada in hand on the beach so I don’t think he’ll stick around much longer. Of course he can always dilute so he can cakewalk for another year or more without breaking a sweat or the company earning a cent.
You’re right about penny stock investors - they SHOULD know the risks, but the rhetoric that gets bandied about on this board suggests that too many of them don’t. Far too many speak of Kim in terms that should be (and are) spoken of Jensen Huang, Satya Nadella, etc.. So yes, when the next PR drops I’ll be back saying the same dumb things unless sustainable sales (hell, ANY SALES) are revealed to prove me wrong. Until then, you and the others can revel in your slam dunk, “THIS IS THE YEAR” penny stock pick - ndar (no descriptive acronym required). That was a long dump. I should eat more salad ;)
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