No worries, there's more where that came from.
It was indeed an ill-advised investment with strange goings-on at the controls. I think I'll hang onto my shares since I have tens of thousands of them which used to be somewhat valuable Fish Farm stock. And although miss New Mexico makes it sound so easy to make money during this mess, the truth is that she can buy and sell a few shares but not huge amounts. Buying and selling is tough when the volume is low in the up-bounce. She may have made a handsome profit percentage-wise but surly not overall dollar wise. Lunch money.
I still haven't decided what their plan is, and they dooo have a plan. Some will scream “Dilution” as the single-word answer. But to bleed this shell seems stupid unless they want to create a pps so low that they (through a friend) can then buy up most of the float for $100k or so and then begin to release PRs and do what they have wanted to do from the beginning. Only at that point they could actually own the company. (??) I can't think of any other reason to bleed it like they’ve done when the market cap was so much higher a few weeks ago. There would be no other (logical) reason to reduce the value of their company for the tiny amount of money they've taken thus far in selling shares into the float, ...unless there is a plan. ( ?? )
But then there are lots of things that happen, which take me by surprise. The winter storm headed for Southern California today, the continued saga of OJ Simpson, the reports of intelligent life in the Democratic Headquarters, ...
