johnnypies, first let me state that sometimes even the best due diligence can result in capital loss. There are plenty of companies that investors/traders could never have seen filing for bankruptcy (hidden debt on financials) or bubbles such as the Dot Com and housing bubble. We could call these Black Swans as their sometimes referred to. Basically, these are all events that we can not predict and where due diligence would fail not due to the investor/trader's behalf; but due to circumstances.
Secondly, I had no knowledge of investing/trading when I invested here with ESP Resources, Inc. (ESPI). A friend at the time told me to go "all in" and that (ESPI) would make me hefty profits by Thanksgiving of 2011. I believe most who have no knowledge of investing/trading would pursue an opportunity of such.
Lastly, looking back at what (ESPI) once was, I believe investing in (ESPI) "was" promising. If you have the time, do some research on what (ESPI) was involved in. (ESPI) was involved in many deals in the US and had opportunities internationally as well. (ESPI) had a major fund investor who invested and (ESPI) had growing revenue along with a improving balance sheet. I could get deeper into this subject, but it would take a lot of time to write out. The point I'm trying to make, is that (ESPI) had a wonderful business at one point.
Also; you said, "So since I'm a dummy and can't navigate the old inter web please do tell where your diligence came in to play for yourself." I'm not calling anyone out in particular, just making a broad generalization of what I have observed. You seem defensive, which could lead me to believe that you in fact might be worried that your due diligence has failed you on a particular investment/trade. johnnypies, if the shoe fits; wear it. If it doesn't pertain to you, than move on. Investors Hub has many purposes, one of which to share opinions and if something offends you in someway, move on.
You said, "To anybody who doesn't understand some of us are in till the end. I'd rather wait till i recover my money or take the tax right off." Your contradicting and second guessing yourself. Are you until the end weather you profit or cease of operations; or are you taking the tax write off? Sounds like emotional investing is at play here.
