Getit I share your pain and agree that the screwing of the company by the US government's sense of blind (in)justice was the first domino in the sequence. However, as an investor emotions are hardly a good thing to let blur an investment decision. Your reaction is not dissimilar to many other long suffering long retail holders finally throwing in the towel.
Why concern yourself with the issue in the rear view mirror? Yes the company has lost its freedom, but that is a positive when considering a 70 cents buy opportunity today. The transformed OMEX is soon to be a subsidiary of a major well connected Mexican company which already has enhanced the opportunity for Oceanica to succeed and turn AHMSA/OMEX into a multi hundred million business...yes even a a $billion market cap as a new "seabed mining company" hitting its J curve of valuation. That investment thesis may not be appealing to the higher risk shipwreck expectations of a 10X return, but with much less downside we still have a 3X ... subject to a short-covering spike when events in Mexico are announced. It will be too late to buy on the news.
So we are left with only the very brave continuing to average down with the knowledge that the BK scenario that RM fought so hard to make happen (including his (rjm59) posting on this web site...note that it is posted BEFORE his Mexican news source even published their fraudulent article...how is that possible?
Bottom line is that a classical call of a bottom is seeing the long-suffering retail longs sell out... we have this signal loud and clear.
Long OMEX
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