"I wouldn't risk it, even if I knew 100% it would be $0 in a month, because I don't know what's going to happen next week. I could lose 500%, while trying to make 100%. No thanks."
The thing is, the amount of negative sentiment on this board is fairly high, and that's ok, but the dd presented to make their case ... for a tech startup, especially one trying to enter the Chinese market, doesn't sway me to the negative side. It's cautionary, but not a deal-killer.
The dilution issue is presented as a death knell - again I'm unimpressed. The risk to reward is reasonable, given the low valuations here. All I see is dilution, even on Nasdaq, even with $30 stocks. But this is a penny, more or less.
Your comment "I don't know what's going to happen next week" is the crux here. You can't know for sure - "100%" - that the company will be worthless in a month (and you don't know that) - if you don't know what will happen next week. This is especially true for for a tech startup.
And this is what trading is all about. Longs & swing-traders are betting on the surprises and discounting the discounters. The same reason you don't feel comfortable shorting is the reason many longs don't feel uncomfortable holding. It's the unquantified potential versus the known stinky-poo. Babies stink but some grow up to be worthwhile people.
We'll agree to disagree, but I'd be more impressed hearing the detractors commit to their positions by shorting. But yes I appreciate the reason they won't.
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