My 1 thing works great Sam but some things will hurt it no matter what.
As for SHIP I just see a lot of overreacting.
This is not a loan they just sold a chunk of their company.With that money they can pay off debts and expand.At least this takes away the fear they could go bankrupt from debt soon.
Considering the news that they just want to expand more and more even with their debts says this is a homerun or strike out type of move.
The one guy who commented they going to do a R/S that would be insane.Tons of people who are holding would leave if they did that.They already have compliance so it wouldnt help.
I also find it interesting the price is not going bellow its common shares (the “Common Shares”) at a price of $1.70 per share which they sold at.
That some institutional investors are putting 75 MILLION in our stock is all the MORE reason to hold and buy more.Why would they do that if they felt it was a garbage company/stock?
It is a mathematical certainty the stock is going to be pumped in the future.
They still have not come out with earnings either.
I am still profitable and I am going to hold.I expected a big down day even without news anyway just because stocks that move up as fast as we were have people getting out.
I will add this even if the ownership are just con artists you can STILL make money off owners like that.The reason for that is until they abandon it they pump and dump their own stock.
Even if I had factual proof they were greedy frauds I still would hold because I think it will be pumped to $4.
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