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Thursday, October 01, 2009 2:17:20 PM
Step back and take a look at the lottery ticket you bought with all of your money.
The CEO is in trouble with the SEC and so is the company.
A trading halt may be just around the corner.
Everything issued in PRs by the company in the past has been pretty much proven to be fiction.
Their biggest customer WG is suing them.
The company they got the shell from is suing and will likely end up with the shell again at the end of the day - RS about 1000 to 1 and change the name.
I originally came to this board several months ago to see if this was a worthwile investment. I chose not to invest and then let people know why including pointing out that based on the ridiculous financials that Jared put out last year it was obvious that the sales were not real but that he had vended the formulas into the company for massive amounts of money. I just did not figure out that he was taking the money out by doing the WRAP Scam.
Now I have to admit that Jared has alot of nerve. Look at the recent response to the SEC complaint. He says "until further notice" they will not sell more shares. You think he is going ot issue a PR stating that the printing press is back in business?
I have never owned shreas in this thing and will never. I stayed here to try to warn people like you that you are throwing your money away with this stock. Others tried ot do the same and were hassled as shorters, competitors, waiting ot load up, etc.
My advice based on your last few posts....all IMO....you are not "broke" until you hold this to the end. There is little upside to this thing. You said today you added to your position - you are averaging down which makes your breakeven a little closer above where we are. Ask around and see if that has worked for most on this board. They have been averaging down since 2 or 3 cents with their fear and greed clouding their senses.
You are not broke if you get what you can out now and then do much more investigation before the next time you buy a stock.
Just my advice - take it or leave it.
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