Tell us what you really think Frankster! LOL
Although I completely disagree. I think that they are really trying to do something good. If you look at the company, I think most or all of the people are medical professionals. Generally, those in the health care field have a desire to help others. Sure, they want to make money as well, but there is usually a core desire to do good things for people. Most doctors would not last very long or get very far if they didn't care about people.
Anyway, this is just personal opinion, but I don't think it is Wellstar's intention to "screw" people over.
Also, they did a 100 to 1 reverse spit, not 150 AND it was the only reverse split in their history despite those who say it has happened 2 or 3 times already.
I get that you are probably frustrated because you bought at a much higher price. Many of us did. Heck, my average price is 115% the current value. It sucks, but you know what, that is both the market and more-so the market with penny stocks. For every 10+ penny stocks you invest in, 9 of them die off...but if that 1 hits, you can make a bundle. (paraphrase from a stock trading seminar)
Honestly, I see this product as having some kind of market no matter what happens. The fact it has FDA approval shows is enough to tell me that this product WILL make it to market. Now, it could be a "pseudo-treatment" used by chiropractors, acupuncturists, and tribal shamans...or it could enter the mainstream medical community, but regardless, they will sell this product and will likely show positive returns. When that happens you better believe the stock will go up.
As for "dumping" - I think its a waste. I mean really, if you own 2 million shares, what would be the point of selling now? To recover a mere $600? Seriously? I think I poop more than $600 a month. Yet if you just forget about it for a while and give it time to pan out your 2 million shares could be worth (realistically) $100k (there is no reason this stock won't get to .05 a share down the line)
Anyway, those are my thoughts of the week. :)
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