Replies to post #198 on Decorator Industries Inc. (fka DINIQ)

[mrholty]

Absolutely.

He was right.

I first bought at the initial and then didn't chase beyond $.04. It was worth the risk/reward for myself at that point.

Then I got excited by the Loopnet post that it sold for $1.2M. Logged into loopnet myself saw the sale. Put together my own spreadsheet and started tracking stuff. Bought more in the $.17 and $.19 range. Saw where the building in Indiana sold for stalking horse bid and not the $1.2M. Called the realtor who did the sale and she confirmed the price, etc. That was a big negative hit and I decided to hold and not add anymore.

Then started to see other locations sell for inventory.
Called the CEO spoke to him for 10 minutes. Thought about it overnight and then proceeded to sell where and when I could.

My screwup in early May ommitting legal fees was the big mistake. Luckily I got out for my cost less PACER which will not be cheap.