Yipster,
First, clearly I don't share your enthusiasm or belief that the stock can ever be $0.01 or higher without a reverse split but secondly, and more importantly to me is the question "will the stock see $0.0018 or lower before it even sees $0.0036 or $0.0050".
Are my concerns about UBRG using shares to fund operations or their existing dilutive debt or their pending reverse split/pending name change/pending sales of more shares not valid?
Their own SEC files (far less fluffy than their PR's) tell me there is huge risk that a dollar invested at the wrong price will never ever be recovered but that doesn't mean a buy below today's price can't net a 50-100% return.
It's not that I can't imagine ever buying some shares, I just don't have your patience. Clearly you've held since $0.0035 and have suffered nearly 50% losses (losses are net larger because you've been adding to them) and its been roughly a month. Me? I'd rather not suffer those losses on any position or wait that long to see some sort of equilibrium and if I do buy I'd never hold for those kind of losses. There's a word for the kind of investing/trading you're doing and it's called "wrong" in my opinion BUT to each their own.
What I was looking for with the initial post on the subject was a discussion on where a reader may reasonably see the shares falling to but it seems you only want to call me a bear or a short or a basher without saying as much and divide a discussion into two camps. I don't want that so as you've said, best of luck to you.
AI
