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Re: dancy post# 193950

Sunday, 12/05/2010 11:45:33 PM

Sunday, December 05, 2010 11:45:33 PM

Post# of 202893
$1000 worth of ETNL purchased every month for the past 2 years would cost $24000 at a total average of $.016 per share, giving the holder 1,500,000 shares. At Fridays close of .006 the portfolio would be worth $9000, a 62.5% overall loss (-$15,000). Tell me again how averaging down works here? After the reverse split the 1.5 million shares would become 75000 shares. Let's revisit the value of these 75000 shares next march.
This reminds me of the farmer that won the lottery. When asked what he was going to do with all that money he said: "I'll just keep farming until it's all gone."

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