I think we can all agree - this was totally unexpected - and at this point - damaging - especially if you're averaged in at .02 - .03!
I also believe that there are only 2 scenarios that could play out.
Scenario #1
1.) In about 4 to 8 weeks - those who chose not to sell out -realize this is the best stock of 2008 - we rode it out and are extremely happy that we did. Then one day someone here posts a newspaper article that reads about someone that decided to sell 13,000,000 shares of SGGC at .004 - .01 has jumped out of high rise window.
Scenario #2
2.) We realize that the outstanding shares were never 34 million like we all assumed - we find out it is 200 billion - at which point we never recover, they do a reverse split 200,000:1, and we are left with a very large tax write off. Under this scenario - the gentleman in scenario #1 who would of jumped out of a high rise window - now owns the high rise.
I prefer to believe (hope) that scenario number 1 is still favorable and the seller is almost out of shares - or is completely out!
If scenario #2 was to occur - does anyone here have any experience explaining this kind of tragic event to their spouse?
Everything I post - is my opinon - do your own due diligence before investing.
AI
