dw88in:
Well, if one cannot handle loosing money on a stock, one should by all means not risk buying any stock. Because it is a fact that every stock WITHOUT exception goes down in value, and MANY Blue Chip stocks flat out fail.
The penny stock market is the most risky type of investing there are.
Only people who can afford to lose every penny invested should invest in penny stocks.
I have no doubt that those who have made the actual changes in the leadership at Loch and Cdex are morons. They are accredited investors that understand that to invest in penny stocks haas about a 3% chance of success. What can bring that number down or up, is how real the technology/product(s) are in the market of buyers.
I use this example from time to time when one is second guessing their investing or not investing in "Penny" stocks:
For those of us that have or have had children who played sports or had an activity ( such as playing a piano, etc ), that caused us hired a private coach or instructor, we pumped a little to a bunch of money into that activity.
The odds of a child playing pro sports, where they actually get paid is somewhere between 1 in 12,000 to 16,000. Not really a sound investment, but one that is done every day.
Well, penny stock investing is a whole lot like that. You may be investing for 5-10-15 years before you see that you will not get a thing back, or that your investment is about to just get your money back, or pay you a bunch.
There is no crying in the penny investing world, which is exactly why you don't see the wings that bring change every cry about the dollars invested.
You take your shot, and understand it could always be a complete flop.
This is mho, but MOST people, like 98-99% of them should NEVER invest in a penny stock.
There were many thousands that made money in Loch, and there were many thousand who could have, had they not got GREEDY, and then there were hundreds of investors that bought in at the $4 dollar or higher price for that day or two, who lost a chunk of change.
The angel investors have on paper, lost hundreds of thousands of dollars, and some millions, but they understood the risk they were taking and for some, continue to take.
But let those investors invest THEIR money as they like, it is their money. Because without them, this little company would have gone away, a very long time ago.
Imo, there are many more chapters left to write, concerning this company, but, as I just said, it is mo.
There were millions of shares bought at less than 2 cents just here recently, and as small as it may be, those shares are at break even or in the black, as of today.
I look at the last filing as a positive, and believe that more positive news will follow.
Itfwiiwd, I am still a believer.
