Oh, no, I fully understand that. I have one account that has TSXT left. It's 350 shares. Those'll never recover. I think they need to get to $2.xx for me to break even. I feel bad for the old IBAC investors.
The only reason we're not mad about IBCX is because at the last minute, we picked up some .0001 shares and as soon as the r/s happened, begged the broker into selling at .25/.30. Why did my associates buy shares while we criticized the company? The decision was made to buy some shares after we saw the authorized go from four billion down to two billion. We also considered that a company with two billion shares can break out of .0001, while a company with 50Bln probably can't. We assumed they'd be announcing one hell of a whopper after the "new direction" PR. So we took a major risk.
We kept some of them, and sold the last (except what u see above) at about $.69 (and even while we held, I continued to speak openly about my distrust for the stock as you can see from my messages at the time).
In total, we broke about even.
Now looking at it, and even though our holdings are quite small and will not amount to much unless this gets to like $20 a share, my personal opinion isn't so bad now.
I've lightened up because: (1) I don't think Hayter's pulling the strings, I really don't; (2) They aren't printing shares and I don't think the current price position is their fault; and (3) I think they want to make millions and millions by creating a successful brand, not by printing stock. I think they want the share price to go up so they can get some 504 investors who receive retail stock. ON THE OTHER HAND, I RECOGNIZE THAT THE COMPANY HAS SOME BAD POINTS. I may not be too keen on Mr. DeMattei, but that's just my personal opinion, but I don't know why people get defensive when he's brought up -- as if they're in denial that he's there. I also recognize that there's some issues with the unpaid bills. But unpaid bills might not affect their ability to get money and get this thing rolling. (I've strung the bill collectors along while building a company as well, and eventually everyone got paid, but it's not the best way to do business).
I think it would take patience, and if you have that along with *RISK* capital, it might be interesting.
Neither I nor my associates presently have patience or liquid capital, so we're staying out.
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