Evening 98,
I have been engaged in the (laughably) highs and lows of both PCFG and C*FI. But, only one of them has engaged in outright fornication without the benefit of conjugation (hint: it's not PCFG).
The difference is, PCFG actually had a viable operation. They just got to caught up in the speed vs. efficiency hell hole that tanks many companies. They had better G/Ton (or G/CY, however you want to phrase it) in 2007 (or was it 2008? I am so disenchanted with this, that it has become a cursory interest at best......)
PCFG, when it hit it's pre-mining euphoria was a sellers paradise! I did (as I am sure many "longs" did) do some profit taking. The thing is, you, I, and many others only took "some profit", and did not cover the base of our investment! Only people like "Bundy", the consumate "flipper", walked away without their cheeks burning......
As things stand currently, there is a valid comparison between the two.
But, the difference between weather we got "Burned at the beach or had a pleasant & profitable vacation" with PCFG (then, not now) was mostly based upon our (the investors) choices and not on the direct fault of the company.
As of the state of the things today, I have a very opposite perspective. As of the collapse of their mining efforts, they apparently figured out that "mining the investor" was considerably more (personally) profitable than mining the dirt.....
This has been a fairly long post and is based upon my personal perspective. If I bored anyone to tears, my apologies. Have a good evening all.
I will shut up now. I am out........
