I'll be crossing my fingers for you my friend!!
The long hold strategy may in fact be a winner here, but the time frame is so far out, especially of they use equity...which I really can't see them doing at this cap, but hey...they've done crazier things.
I've lost a lot here too, but I said ok, I'm done losing for now. I'm not afraid to write down the loss, when I think it's not done losing. They have some real bad news in the pipeline, and after that I'll re-evaluate and if there's some "real goods" news maybe I'll bite again and take back some losses at that time.
However, I thought I saw the bottom before, and sure enough the stock surged a ton, and for a few days I was up in glory land. Then BAM secondary and the knife cut even deeper. So I see this odd action on a no news day and I think news is pending. Maybe this is some MM game to get interest up, get volume up, and the PPS will follow, but the CEO said the capital is coming, and it's either debt or equity. One thing's for sure, the terms aren't going to be pretty on either at these levels... The ticker needs 100% gains still to get above the 1$ mark within the next so many trading sessions (10?) to prevent delisting notification, which is another bear case event that shorts will devour...
Hey, I'm wrong like every single time I make a prediction...so you staying in might be the best bet. I'm gonna sit it out until I see what direction they are going and I'll root for you guys.
:-)
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