Replies to post #12987 on Mobilepro Corp (fka MOBL)

[stockdoc68]

I've been in for several years. It was the first penny stock I bought, and it's going to be the last. There's just too many ways for these penny stocks to go wrong. The first, and worst way to go wrong, is the need to raise cash (Cornell for instance).
While it's true that many companies need to borrow cash, it's these small penny stock companies that have no legitimate sources to borrow cash from and have to resort to borrowing money at an extremely high interest rate. That's the sort of situation that leads to the "death spiral" that we've seen in MOBL. Back some time ago, someone posted Cornell's track record of the companies they've loaned money to and how many of those companies ended up going bankrupt. It was somewhere around 90%-plus that ended up in history's trash can. If I had known that, I probably never would have invested in MOBL.

Forget the "ten-baggers" and stick with companies that have a proven business model and don't have to pay mafia interest rates for the money they borrow.

stockdoc