years ago i held stock in a utility company, symbol was fppl. it dropped below a penny and they pretty much shut down. because i didn't want to lose my investment, i held on for a while, eventually selling at a loss. about a year and a half later i looked up the symbol (with scottrade) and the symbol had changed, don't ask me how those things work. the symbol had changed and the price of the stock had gone up to ablut $6 per share, in the 5-7 dollar range somewhere, again, this was years ago.
i did the math, because i did not know what i'd be paying in capital or income taxes or whatever, i subtracted 40% from this total. this new total that i missed out on was about $350k. i was ******. i looked at what happened and as best as i figured was this stock symbol was purchased by an african american gentleman who changed the symbol and tried to go into business. i don't know how all that works. anyway, this man was some kind of teacher or high school football coach who wanted to be a rapper but never made it. from the high $6 pps this thing slowly bled to death but i still wonder how much of the $350k i could have actually pocketed if appearantly no one was buying, this thing slowly died over time.
i don't want to pump this or tell people what to do. supposedly we should not invest any $ we can't afford to lose. i don't see how pumping this will directly get the business deals and contracts done. i do agree with others here who say 10b shares are a lot of shares to have to move in order for this pps to move up. the only hope i have comes from the stories we occassionally hear of the gov't spending hundreds of dollars for hammers or toilet seats. president clinton spent (i think from his own pocket) $200 for a haircut. i look at things like militaryindustrialcomplex.com and see how much the gov't spends on a daily basis on these supposed "preferred" contractors, more than a billion dollars a day. i hope that mac has these type of connections that will make things happen, but at the same time, there are questions.
brian looks like a real character. has he really accomplished anything similar to what he is trying to do right now with synj? what are these fortune 500 companies peter katzburg helped build? methes is not publicly traded is this correct? if so, is mac pulling money from synj (us shareholders) and using it to develop methes? will that money somehow make it back to synj shareholders? how will that happen if perhaps methes has their own books seperate from synj? will methes profits stay with methes?
what can people say? i don't want people to lose money because you buy shares and nothing happens, or you lose money because you don't buy shares and mac pulls in some contracts. i'm holding because i'll lose if i sell, otherwise waiting and hoping.
all my opinion.
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