Yes i will continue trading until the company shows the desire and ability to become a long term investment. Right now is not quite time to begin holding long. There are a lot of things to consider before going long on any stock. But with srsr there is more than the average obstacles. The main thing is the lack of transparency. There is also the share structure and knowledge at this point.
The company needs funding or so we assume. We dont really know because they do not do anything to inform shareholders about what or who they are invested in.
To get funding they have no choice but to dilute the shareholders. There is no room for dilution so they either raise the AS and dilute. Do a reverse split and dilute. Or sell off asset value for dilution.
The last would be less destructive because the average penny investor is ignorant of dilution in a case like this and JVs tend to raise the pps for a while. But its almost impossible to get back what is given. The other 2 can be neutralized but retirement or buy backs at a later date The company needs funding but again the ignorant will react backwards.
Ignoring the dilution effect i wont go long till Dan begins doing what he says. Transparency being the most important thing.
Dans views on security regulations or the lack of them is probably the strongest deterrent for me going long now.
I dont trust someone who thinks breaking the rules is perfectly ok as long as there is nobody to bust you. Integrity demands that you do the right thing ONLY because its right and not because you will get caught if you dont.
So yes there are a lot of bumps in the road to trusting enough to go long.
I will flip until the road smooths out and trust is earned
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