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tedpeele

01/25/21 10:57 AM

#13754 RE: Me Ed #13722

agree re sentiment, especially in the short term. But I know people that have put all of their money into one stock, believed 100%, and lost eveything they had.

A CEO of a stock I was in a few years ago predicted with great certainty that his company would make over $48m that year, and something like $150m the next, with very high net income. More than halfway through the year he revised downward to $16m in order to please some brokerage firms that said the $48m was just too unbelievable for their clients. Yet he maintained in shareholder videos even into the fall that $48m was very possible and certainly he had no doubts about the $16m. He had a highly succesful history and seemed very honest, and the shareholders adored him.

The company ended up reporting only $8 thousand in revenue, and not much more than that the next year, the stock ended up suffering badly and a lot of people were hurt. Some who believed 100% lost their life savings.

The point is that skepticism is healthy and good, just as optimism is healthy and good. It's all about a balance.

There is MUCH to like here but to balance that out are the some large misses of the past. I really do have doubts when I see things like this PR from 2018, which kind of rekindled my skepticm when I read it here on the board last night. In MAY of 2018 the PR said this:

The deal with ROI targets to have at least several Soundstr Pulse™ units deployed by July and up to 100 by the end of the summer.

https://www.prnewswire.com/news-releases/vnue-announces-deal-with-radio-operations-international-300640013.html

That's a very big miss, and the $54m mentioned as monthly was a very big error. I'm hoping all is well but 4 months of beta testing is a long time, so I do have doubts and to me sharing those concerns on a chat board isn't fear mongering. We're all trying to make money and avoid losing money, and zoning in on the truth via facts and evidence and historical precedents is the long term investors best friend.