One should learn from the CPTC experience that buying a sound and profitable business at a cheap/right price is not only the recipe to preserve capital and reduce risk. (however I understand that the return might not be as high as speculative investment).
Of course to be profitable you need some kind of revenue source/stream.
Management lying about the numebrs is one thing, but wrong interpretation of the business is not an excuse.. for quarter over quarter CPTC hasn't deliver but quarterly loss and no significant revenue...
I don't mean to put salt on people's wound but I hope this will teach you guys a lesson and be better next time...
I know how you feel because I was having similar experience before with several stock such as global crossing, washington group, metawave, flag telecom etc.. and they have a bunch of cash when tehy file bankruptcy (in global crossing case, $2B in cash and 1 month before the chapter 11 announcement the CEO said that Bankruptcy is not an option for GBLX). but it was my fault , the financials shows otherwise and I refuse to learn and trust my own instinct...
Have a good night y'all and sleep well
Stan
PS: I don't like seeing my microcap buddies losing money, but you can't always win, you win some you lose some, and in the process you get better and win more in the future.
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