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Sunday, February 27, 2011 10:48:00 AM
No need to pardon your skepticism as I think it's warranted. It doesn't look good. I don't think there is a an effective way to sell this company to a potential investor other than a lottery ticket. Even then, the odds on a lottery ticket are clearly stated.
IMO this is more like betting on something comletely random.
For longer term shareholders the caluclation is a bit different. The money spent in the past purchasing shares is a sunk cost and really should not be included in any current/future economic calculation. IMO the only question a current sharehold should ask is, "Do I think the share price can appreciate in the future, for any reason?" If the answer is no, they should sell. If they answer is yes, then asking one's self a few questions would be a good way to get to the bottom of this decision.
For example:
I think the share price will go up substantially from here.
Why?
Because there are NSS that need to be rectified.
How do you know?
I don't. The company says that they exist.
Does the compnay have a good track record saying something that is true/comes true?
Not even close.
If you can't rely on company information why do you still believe that they are telling the truth?
It's not a belief more of hope.
Why do you hope?
Beause I want my $ back and then some.
Why?
Who doesn't want more money. It would be used to increase the amount I can swing trade with.
You know this is a long shot as, "Just as the sun can be counted on to rise, one can count on cries of "NSS" to pop up after a pump n' dump has crashed. The claims are always raised, and yet there have never been any "buy-in notices" issued to bail out the stuckholders- ever"?
Yup.
Good luck
IMO this is more like betting on something comletely random.
For longer term shareholders the caluclation is a bit different. The money spent in the past purchasing shares is a sunk cost and really should not be included in any current/future economic calculation. IMO the only question a current sharehold should ask is, "Do I think the share price can appreciate in the future, for any reason?" If the answer is no, they should sell. If they answer is yes, then asking one's self a few questions would be a good way to get to the bottom of this decision.
For example:
I think the share price will go up substantially from here.
Why?
Because there are NSS that need to be rectified.
How do you know?
I don't. The company says that they exist.
Does the compnay have a good track record saying something that is true/comes true?
Not even close.
If you can't rely on company information why do you still believe that they are telling the truth?
It's not a belief more of hope.
Why do you hope?
Beause I want my $ back and then some.
Why?
Who doesn't want more money. It would be used to increase the amount I can swing trade with.
You know this is a long shot as, "Just as the sun can be counted on to rise, one can count on cries of "NSS" to pop up after a pump n' dump has crashed. The claims are always raised, and yet there have never been any "buy-in notices" issued to bail out the stuckholders- ever"?
Yup.
Good luck

