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runncoach

09/29/16 7:00 AM

#4629 RE: GrandAdmiralThrawn #4627

Google chapter 7 bankruptcies. That will give you an unbiased idea of the odds of shareholders getting ANYTHING on their investment. The chances are essentially zero. That doesn't mean that traders can't get lucky if something crazy happens, but the company is basically worthless now that their license has expired and their debts are in the 130 million dollar range. Management is long gone. The odds are much greater that this thing goes to zero/no bid at some point. That's the cold hard facts IMO.

Value_Investor

09/29/16 11:19 AM

#4630 RE: GrandAdmiralThrawn #4627

For those Old shareholders who bought pre-bankruptcy FEEC (not FEECQ) shares before the bankruptcy they might not easy to recover unless they did significantly Average-Down to lower their costs base by buying millions of dirt cheap shares at 0.0002s ~ 0.0007s after the "Q"!

However it will be Huge or Giant investment return (100% ~ 12000% or higher) for those New shareholders who only bought the New shares (i.e. FEECQ, not FEEC) after the bankruptcy...

Say someone ever bought 50K shares of FEEC at 0.02 ($1,000 cost) before the "Q". With the same amount of cash ($1,000) now he/she can steal 3,333,333 shares at the current asking price 0.0003. Thus his/her cost base will be dramatically reduced from the original 0.02 to 0.00059 while the most recent high was 0.0007 which is 18.65% higher than 0.00059! Yes, that is the Power of A-D --- lowering the cost base from 0.02 to 0.00059!