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tikotiko

11/14/17 2:30 PM

#61882 RE: Intotheblack #61880

I only held this company for a very brief period with minor losses when I sold the few shares I had. I did think about buying many times, and this is why I kept following this forum. Luckily for me, I did my research, followed my gut feeling, never bought again and I saved myself from a big loss. I actually wish that the stock would rebound for the benefit of those that hold it. I agree with you that we are all responsible of our own investment decisions. I simply did not like the company’s tactics and the excessive speculation/upramping that was spread in this forum, which contributed to catching so many people in the red. I believe that many people including me learned from this experience and we can all hope for better days ahead (probably elsewhere). Best of luck to you.

SandridgeEnergy

11/14/17 4:15 PM

#61885 RE: Intotheblack #61880

Or maybe trusting scammers like Nelson was just a bad idea.

It's not like there wasn't a large track record of failing business surrounding this guy and his friends in Santa Barbara.

That's the reason that I think the cell is still important. The fact this guy tried to convince people that he and Changwan were on the cusp of realligning the energy industry and then just took the money and ran shows what kind of person he is. And if he is willing to do that with a cell... why be surprised when his other ventures dont work?

In any case direct compensation to management + the financiers of this venture is probably over $20M by now. And all of that came from them marketing shares to unsophisticated retail investors, whose only fault was to trust a charismatic scam artist.