I had 100,000 shares before the RS. My cost basis per stock is now over $12/share. In reality, these stocks didn't cost me anything because I previously made more than my total cost of these stocks.
I'm also wondering if I should buy more or not. I think Jason has cried "wolf" too many times for this stock to ever go higher. As has been said on this board, I don't think anybody wants this stock because the word is out about Jason.
I am pretty sure the hedge fund will be almost finished with this carnage . The bigger question is if Jason has taken on more toxic loans since the last quarterly report. I mean it seems as if the terms of the loans are too good to be true for any recipient . He seems to include all of the tax return expenses as part of the agreement and another example why he has no business taking on any role in regards to any accounting activity whatsoever. Also the loan amount from the hedge fund said it was 3850,000 and wasn’t sure if you caught that too , but I am quite sure that you saw that . The million dollar question or the 700k question is what the heck is he using the funding for ? The company has over 20 employees and a market cap that is rapidly deteriorating by the week . And seems like an everyday pattern of volume activity and the bid is always as thin as paper and the ask is always stacked up . He doesn’t have to be a genius to figure out that this type of activity isn’t sustainable long term let alone short term
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