When I bought my shares, they were selling for .012 each. I thought that they were worth more than that, so I purchased them for the aforementioned price. Since that day, 3 things have happened.
1) Many others agreed and they bought shares for an even higher price (eventually paying as much as .025 each).
2) The company fundamentals IMPROVED through acquisition of a workover rig (which I'm not sure how to calcualte the true value of, but I know that it's worth MORE than not having one).
3) For some reason, my fellow investors began to believe that their shares were not worth as much. And for many, they believed that their shares were worth even less than what they paid for them. Then they sold them and are continuing to sell them.
The result is that a share can be bought at a lower price now than before, but the VALUE has INCREASED. It is remarkable to see people sell their shares for less than they paid for them. This consitutes a serious lack of faith in their investment, a demonstration of their myopia, a strong indication of impatience, and a confession that they don't understand the fundamentals of investing. And I may be a rookie, but I am at least smart enough to know that selling for less than you paid does not profit you. No my friends, that is what I call a dumb idea.
Only those who dare to fail greatly can ever achieve greatly.
