Why should they get a pass?
I shouldn't do this because it is embarrasing as hell. I gave them the benefit of the doubt. I read every press release, I read every sec filing, I searched out clients and customers.
I played this thing like a violin, doubling my position just by playing the spread, when I could have been trimming money off to get my money back. Every thing was good news,everything was new business. Expanded growth, unprecedented even. Expanded markets, improved margins. Paid stock promotions, inflated analyst estimates. It was all part and parcel of an orchestrated ballet of deception.
I questioned the reduced revenues, was told it was due to the increased selectivity of their marketing. I went for the hype instead of the facts. I believed the press releases instead of the filings. Do you sell off a large piece of your business if it's as great as they made it out to be in every single public statement they ever made?
Maybe they grew too fast, maybe they got in over their heads with people that scalp people for a living, I can't say.
I know they took every single investor that believed in what they were selling with them. The traders might have made money, but they don't buy the hype. Maybe this will go up now for you, I hope it does, they've run out of decimal places
What have I learned?
Assume you are being lied to, assume you are being mislead, assume you are being used.
When I deal with people in my real life I expect them to be honest. The market dosen't work that way
Sorry for the rant, I'll leave you alone now, and good luck