With each passing day, not only do I see more resolve from the longs, more pumping, more "i hope maybe they might" but the story coming from the longs keyboards just keep getting better and better. It's clearly delusional and clearly the probability is going to get them a huge drain on their investment.
I was once a big believer in this technology, in the potential of grifco. Don't forget that. My sentences and outlook are very much in line with len's post right befoer this one. He's just more diplomatic about making his point. I have a small long position and I'm down about 19% on it currently.
The potential is just too huge to sell out so it's either going to be 20X or nothing, but I know a few people here are in it too too big to be able to tolerate "nothing". The return potential outweighs the risk, especially at .3.
Although with each passing day, the silence from the company is increasingly showing something is seriously wrong. One update would do it.
"we're finished with testing of the second bathc of jet motors. The first ones have brought in ___ revenue since being deployed six seeks ago. This is ____ % over/under what we anticipated and the feelings on this are __________. We are in the process of completing financials for the year ended june 31 and _____ is working on it. The current plan is to _____ and expected time frame is ____. We will update you that date no matter what happens."
The argument that dial griffith swinford are the biggest shareholders and therefore won't make their own stock go to 0 is completely bunk because they didn't pay for them in the first place, and once they are 0 they can issue themselves new stock in the "new jet motor international" for free just like they did with grifco interntaional. They get more stock and another play. Kenner, clever, back2, ranout roland, steve, all get a big fat black eye and they are my friends and I don't want to see that.
