Scammy CEOs

[VPbanker]

When the losses are in 10's of thousands (such as mine) My tax attorney told me "IF you plan on making your money back it's better to hold them, then SELL them when you have equal profits in order to wash out tax liability on the new profits." Otherwise I'd be stuck writing off 3k for the next 10+ years-

I made the mistake of BELIEVING in the company, product line and viability within the market place (in comparison to competitors) What I DID NOT consider was the CEOs vision to branch out into a multitude of different markets PRIOR to making his PRIMARY line of business (DVD and Game rentals) profitable.

RULE 101 of business Focus on your PRIMARY line of business 1st. Once it IS profitable only then do you venture out into R&D projects in an attempt to grow and diversify the company itself.

Lesson learned and it was a damn hard one at that-
Best of luck to everyone and your trades!