I appreciate the numbers and the work being put in by Guppy and everyone else. I personally do not spend much time on here anymore. I just check in every now and then. I accept a total loss at this point and while I could cash out at the current price and save some money I choose not to because everything else out there could be just as much as a risk. If this thing turns around I want to be ready for it.
It seems now a days with such easy access over the web to buying stock people do more and more daily trades trying to make a few hundred here and there and trying to keep losses at a minimal. I know many who play this game and really do not get a head and just waste a lot of time. But the experience is still educational. And there are those few who get real lucky. Today there seems to be less and less people who just invest in something they believe in and let their money sit for the long term investment.
Yes we all want to see movement in the right direction and there was some hype involved with this stock in the beginning that made the price skyrocket. But today we see that this is a real company, with real beginning start up cost that could bankrupt them (like any other start up company), etc.
It seems that they may have tried to speed up progress by involving themselves with other companies and they may have bumped heads a little. Lesson is now learned and we now know the true financials which are not so great. Actually not good at all. But we still have to play a guessing game as to what their intentions are. If all this is known now, why not just go bankrupt now? Why are they still trying to make it? What is their drive to keep going?
Personally I do not think these guys want to work for someone else. They want a business, they want to be business owners, and they will do what is needed to continue making progress.
I ran into something similar here at my current company. Some guys started URL labs and nearly went broke. They then had to remortgage their houses to get additional income. Eventually the company was sold to Symantec and those who made it work, put their house on the line, got the biggest payouts.
I do not want to change anyone's minds here. If you want to sell, go ahead. And hopefully investing somewhere else you will start gaining what you lost here. I am keeping my investment, knowing I might lose it all, but because I am investing in the COMPANY and not a short term gain. I try not to think about it either on a daily basis.
I wish I can go out there and help by grabbing a shovel. But digging a hole with a shovel will not get anywhere close to oil and will not help anything. I just have to sit back and let the pros do the job.
