On a less abrasive note than Mr. Lempo's post, I'm sorry that you and your family lost money in this venture. If you look around this board, I think you'll be hard pressed to find anyone who didn't lose money, myself included.
IMO, CGFI had tremendous potential going in to summer 2009. I oftentimes said summer 2009 will make or break this company. You see where we're at today.
I believe the future prospects for this company are grim. Management has failed to deliver on a number of promises. Although there is still some optimism in the ranks, I'm not encouraged about the future of this company based on past performance.
I understand your frustration regarding your partner's decision to invest in this stock. Though it may seem condescending on my part, I would strongly encourage you both to have greater transparency in each other's investment strategies to avoid these sorts of occurrences in the future.
In the end, we all invest with an intention to make money. All stocks involve some risk, some higher than others. I would suggest you talk to a licensed financial advisor and only invest as much as you're willing to lose ... it can happen to any stock. Diversification is key. Again, a licensed financial advisor is better than I at making suggestions appropriate to your family's needs.
I hope your experience with CGFI will be a learning experience and that you'll both talk more about how much to invest with which stock in the future. I wish you the best of luck.
"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." -- Thomas Jefferson
AI
