I see what you're saying, and absolutely I let my emotions out. My posts are emotionally fueled because these guys cannot get their act together, and its like an insidious burn watching the days pass by with no launch. Again, thats because I know, logically, theres opportunity in the industry they're in and the service they're pursuing to deliver. But, in no way, did emotions blind me.
You know why I sold? Because this is now scalpers paradise. Getting back up to 1 cent will be tougher than you think, and a lot of people don't just want to sit here hoping it gets back up there. If this company delivers, and delivers big, we'll all go higher. If its launched and they have audigist-caliber artists, we may only make it back up to a cent, THEN WHAT? there will be nothing left in the chamber (except ruby rails PRs). Then it will be all about the development of the service and hopes that they can still get a big-name artist. More and more hope. We have to PRAY for a timely launch, WISH for an artist, HOPE that the company gets publicity... you see where I'm going with this. Hope is a bad strategy, especially if you're hoping to get past just the first hurdle (launching), its almost a non-starter. I took the loss and looked elsewhere for an investment that produces a return. Because, by your argument, when we were at .007, we should've never gone to .006, and then never should've gone to .005 etc. This thing hit .002 on a technical level already, and thats the next stop IMO. We're already below the beloved and touted "shell MV" so whats to stop it from going lower?
Tax loss selling? Are you sure about that? I doubt its really that big to move it down and keep it down here. People wanted out, they've seen this game, and the moment its not promising anymore, they cut their exposure. I cut my exposure because its hardly as promising as it was. What I mean by less promising now is not that Reggie isn't getting folks excited with his new direction, its that I lost a lot of faith in this company as an entity that delivers. Yes, delays happen in real life, but the way it was handled was awful, and the BOD had an implicit hand in that. Who, in this organization, says "no, the buck stops here" and requires more from these people? If you are a public company, the last few months are incredibly hard to come back from. And, heaven forbid, that deadline isn't met for January, what will hold this PPS up? More rhetoric? Delivery is now vital, there is no more promising that will hold up my faith. I just stopped drinking the "they're coming with bigtime news" kool-aid because they have so much to deliver on, that its a very tall order when you separate the REAL (nuts and bolts of delivery) from the PROMISED (pie in the sky, macro, hopes). Make that distinction as you will
