Walter, I have been in these companies as long as you. I have zero regrets about telling Nio investors to sell. It was the right move at the time and still is. LWLG was a horrible investment until Lebby joined the party. He has turned things around and good for him. IBC has been brutal for my gang and I cannot understand how they are not making money there. Mark did wonders for the company in Brazil and should be commended for that.
We are probably more likely to see our own personal groundbreaking event when they throw us in that 6’ hole before that red shovel is used.
Sadly, there’s several investors who’s had that groundbreaking event while they’ve waited for this project to happen. Yes, everyone realizes this is a long term project, but not everyone expected this to take an eternity.
So far I do not feel the slightest regret on telling them to sell the stock. It has saved them a ton of money. I could have been dead wrong and the price might have gone the other way. However looking at who was coming on board with GX and Yorkville, it was an easy call to make. Yorkville is someone you do not want to be associated with unless you are in trouble financially and GX makes my skin crawl. I gave my support to Niocorp for a long time and decided I did not want to lose the investment capital I had put in.
If this head under 3, the pitchforks are coming out for management. Ms. Fenga was the smartest person associated with Niocorp. She bailed the first chance she could get after the merger fiasco.Women are usually the smart ones in business.