K, don't let the bastards get you down. Thanks for what you do here, and thanks for the PM's.
My personal opinion is flippers, while i do not agree with their strategy on this stock, do serve a purpose of providing share liquidity in any run. I've done it before so i don't want to be a hypocrite.
My case for not flipping SSOF, and instead, treating it like an investment:
Number one, you will make way more money holding this stock as a long-term investment. Of course this only works if a year from now the share price is considerably higher than it is today. Through quite a bit of due diligence i have concluded that this stock has quality management, incredible upcoming catalysts in the pipeline (no pun intended) and, most importantly from an investor standpoint, is currently way undervalued. See any of Soo's posts for good DD on valuation. Both our numbers are quite close. And i am constantly tweaking my numbers as events on the ground change. My .055 2018 target was before the surprise 5 Star merger announcement, and before the court victory. So i am adjusting my numbers upwards over the weekend. I will really spend some time on this because it will also affect my tiered exit plan, which all longs should have in place.
Also i hate paying taxes. If you hold this for more than a year you will see huge tax benefits. Paying 20% vs 36% is huge for me as i already pay 36% in income tax. Living in Texas helps as i pay no state income tax.
And finally, watching a grown man cry is not appealing. If i sold for a 25, 50, 75k profit, yes it would feel good for about a day. But if i was on the outside looking in for a run to 2 cents, 3 cents, 4 cents, etc... you guys would hear me cry from Houston, and Texas men aren't supposed to cry. So i refuse to put myself in that position, the flipper position where i'm out or i have to buy in at a much higher price.
Know what you have. Do your due diligence. Devise a target price. And then sit back, trust your gut on SSOF, and stay the course, whatever that course is.
GLTA, Dog
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