My ride with this company has to come to an end starting today. I bought shares hoping that management was going to be doing the right thing but these special warrant dividends and not being aggressive to bring in other investors is creating a slow death here.
I am going to take a loss but at least I can use it to offset some profits for this tax year. I wanted to hold the stock because I like this business since it is like a mini-me to Berkshire Hathaway but Mr Roberts does not understand what Mr Buffet did when he first started Berkshire. Before Mr B became a household name he was hitting the street with his feet talking up Berkshire Hathaway to a point that he was getting so many investors buying into his concept and word of mouth just grew to a point that make Berkshire stock growing its shareholder base and when Mr B needed money he just went to his shareholders and kept raising money.
And after a decade he became the Omaha of Nebraska and on the tip of every tongue on Wall Street.
Someone needs to tell Mr Roberts that investing is part psychology, part good business and part having a CEO that can get investors to buy his stock. Stocks don't go up solely on good business, stocks go up because other people buy the stock. I am pissed off because I am going to end losing about $12,000 on this company.
Good Luck to everyone here but it has not been an exciting ride for me.
JV
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