No, not necessarily. The stock will fall 50 to 90% the first day or so, but remember you don’t lock in a loss until you sell. Check out CANN, PHOT and CBGI to see how WBXU is likely to unfold. Those stocks are still doing okay considering they’re operating in the grey market (they’re not dead, and there seems to be some hope for the future, unlike a traditional relegation to the grey market—which may say something about the sector and the legitimacy of the companies) . Plus, maybe the pot sector will prove to be different. There’s a lot of people going long here (given the obvious coming end of prohibition) regardless of these major bumps and potholes. You can also try to "average down" when it returns to the grey market, and recover some of your investment that way. Or, if you really believe in this company, you can wait it out (3-6 months, maybe 1-2 years) and hope they replace the CEO, get bought out, or find a way to get back on the pink sheets—which really only requires getting sponsored by a broker—challenging, but not impossible. Hopefully, we can all work together to make that more of a real possibility. We ought to all be working to bring reforms here, that include a legitimate path to full reinstatement on the pink sheets—for those companies who meet the (reasonable) criteria. We need FINRA and the SEC. Fraud is a serious problem. But investors should not be bearing the great bulk of the brunt of their attacks on those allegedly committing fraud.
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