Replies to post #26001 on Global Entertainment Holdings Inc (GBHL)

[Tom turtles]

Pennyland ...meaning $2.00 and Under...is just like throwing your money out the window ...unless your able to short every stock. Sometimes it costs an outrageous amount to short 1 share of a penny stock.

[subtlerise]

the good thing is GBHL o/s in otc land is considered on the lower side of things compared to others out there that have 20 billion-30 bill etc so the risk is lower here and the last time an rs was done was in 2007 with a mild 10/1

Back 15-20 years ago the r/s was way more common but the ceo's learned that too many would scare off investor/traders later so they started going to higher o/s ...a/s and peeps just got used to it still making money even on those high ones.
Part of the risk game in the otc.
in 2009 I bought a stock that shortly after did a huge r/s and 1 share left sat in my account for years but then in 2019 decided to check it out again and discovered the share structure hadn't changed in a long time and was low.So just based on that slowly accumulated.....a rumor of a merger and then the reality of that happened and presto.....made more money on 1 stock than the previous 10 years.
So ......big risk......big reward......but imo.....most traders have the same experience you've had.....taken some blows and had some wins.
If someone would have nagged u on risk of an r/s u likely would have ignored that cause you were "feeling" great at the time.
the most valuable lessons come from your own experience