QED Connect Inc (QEDN)

[DTL]

I lost $35k on a stock called PLNI a couple of years back. I held the stock and averaged down for almost two years. I was in contact with many very seasoned investors who were also into it heavily. I had email exchanges with a marketing VP who had over $200k invested in it. The AS/OS was large and dilution was heavy over the years but PLNI had acquisitions, were in the process of SOX audited financials and uplisting to the OTCBB. They had a warehouse, a distribution company working with them and real sales, etc.
All of these facts were DD'd and proven over the years. They even had a shareholders meeting in New Orleans but I missed it. PLNI missed a $100k monthly payment to one of the acquisition partners and the lawsuits started flying. They ended up in Chapter 11, the stock went to the grey sheets, and PLNI is no more. The CEO is going to trial on an SEC charge this coming Sept which has taken two years to get to trial. At the time I was into PLNI; I owned my primary home and three investment homes during the real estate boom years. The $35k came from that but I also made $131k last year as a design engineering contractor for the defense industry. I have $2400 into QEDN if that puts things into perspective for you. If I lose the entire $2400 then next weeks paycheck will cover it. Look up PLNI's history on the web and it's posting history right here on Ihub if you want a lesson in what not to do with pinksheet stocks!