Friday, October 22, 2010 10:03:51 PM
Certainly NOT my intention to make it any worse than it already is.
As one of the longest-term members of the Welsh Bagholders Society, I wish to Welcome You to this exclusive, but ever expanding, Club.
I bought my shares several years ago, when Welsh was attempting to purchase another semi-successful business via a share swap. As I recall it was a chain of music or video rental stores. Well, the deal fell thru because the target balked at the proposed divi of share value. So right after that Welsh did a massive Reverse Split of the shares. And there went my optimism...
Since the loss of my liquidity, Welsh has acquired and worked through at least a dozen other companies. This guy has developed a recipe for scamming and he's really good at working it.
The shares that I originally paid $3600 for are now worth about $5. The sale wouldn't even cover the exit commission. And as they say, "You don't really lose until you sell." So pride keeps me stuck here, holding this worthless POS stock. It is a Monument to my earlier Naivete while I was learning the penny stock game.
For the last year I have been trying to get one of my friends to open a new brokerage account, so that I can get ONE free trade. If I am ever successful then Welsh and MODC will finally be out of my life forever.
Good Luck.
VV
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