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Thursday, 11/14/2013 2:17:43 PM

Thursday, November 14, 2013 2:17:43 PM

Post# of 49370
If you think its never going to make it and be at 1 cent sell now and leave if you don't believe. The game has change since 2008 do you know how hard it is to raise money for micro caps. They would of done better had they not taken this company public for money in my opinion on raising capital. The laws have been very hard on these type of companies. Since its a long term risk and even though the product sells well and there are back orders its very hard to raise money from Accredited Investors as that all that is available under the laws for micro caps, the new laws under the Job Act by Obama has just changed of September 23 but the SEC has been slow to define the new terms. I know that HJOE will take advantage of this soon but the legal side is still waiting for the SEC final rules. There was a big investor look at there filing the guy signed up to put 1mm in the company but has only funded 300K I assume since he signed the agreement Hangover Joes also has a legal case but I don't know the specifics. They key is that raising money post 2008 in the markets are very hard even for companies with hot products. Your in Canada you wont see the product like we do in the USA as far as I know they sent one container to Canada and that was a year ago. I know they are focused on what they have in the USA that they cannot fill at this time. It is a marathon but if you not willing to go the distance and you don't believe you should sell and take your loss. If you think its going to be a total loss then why stay get out now before its over. Maybe you just like to beat on the brand I don't know but if I truly believed they where hopeless and going under I would run for cover. I do think they will come out of this and even release more products and grow the functional life style brand and category. See your betting they fail, don't raise money and I am betting they do raise money because that what its done to now. I going the Marathon if you don't agree why not just sell before you totally go under? Maybe you do believe.
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