Replies to post #65649 on Worldwide NFT Inc (WNFT)

[Yolo]

Regarding "opportunity to buy more" : I mean it in the sense that it is overplayed, said constantly whenever a stock is stagnating like WNFT and GVSI have been. The investors that invested $40k+ prior to the crash aren't thankful that they get to risk another chunk of money to average down in hopes that the price rises again in the future.

For example, if you bought $45k of WNFT at $0.15 before the crash, you'd have 300k shares. When the price bottomed out at $0.025, if you spent another $10k buying an extra 400k shares, your new cost basis is $0.0785. When the price spiked from $0.02 to $0.075 last fall in anticipation of the NVSC dismissing the appeal, do you think many people sold at breakeven, happy to be out? Or did they hold thinking that it would keep going up?

I'm sure some investors made bank selling that pump. I know I wish I had bought at $0.025 because I would have definitely sold anywhere above $0.05 and been happy with the swing. But that benefits flippers, not longs.


If anyone averaged down at $0.025 and held, do you think they're grateful that they can average down again now at subpenny? Their "averaging down" shares are now down -62%, why would they be happy?



As I've said all along, it's hilarious that Sharp calls this an investment and that he doesn't cater to flippers, because that's exactly who he caters to; flippers have made a lot more profit than any long so far. I guess you're comfortable flipping, and I'm glad you've made good money. But that isn't what I've witnessed from most investors that believe in Sharp, they're still holding all of their shares.

[Yolo]

Regarding fault:

My point is that people love to place blame on Calasse and defend Sharp despite everything. Drew is down huge, I think, I'm talking hundreds of thousands of dollars from the peak, yet he still drinks the kool-aid.

If Sharp ends up losing with the NVSC, will he still be revered for refusing to negotiate or settle? If the law ends up being against him, will loyalists still agree that he should nuke the stock down to trips and walk away rather than give a single share in a settlement?

More importantly, will they think Sharp handled it well by refusing to settle even though it personally cost them thousands? Instead of being down -95% from the peak, Sharp could have reached a settlement that increased OS by a minor 5-10%.