Throwing in my own 2 cents worth in the ring; I've owned this stock for several months. I also have my shares in certificate form as was the recommendation. Having watched this particular episode unfold, I will admit that I am not even optimistic. Being down 90+%, it is hard to hold much hope for recovery. Bottom line? We, as shareholders, were rode hard and put away wet IMHO.
Having said that, I will agree with Taz:
~~Anyone selling after riding this thing down to the gutter would have to be nuts cause no matter how much you got sunk into it, you just arent going to re-coupe enough to make it worth while at 2c.~~
It wouldn't make sense for me to sell now as I get nothing for it. If there is a chance of recovery later in the year, I might better hang on to my shares with a chance of recouping my initial investment. If I need the write-off at the end of the year, then I can sell, but to sell now make no sense (to me). Disappointed? Yes- very. But, I'm neither bitter or angry...yet. That could change in the future if and when we find out what really happened. For now there is nothing I can do but wait. If you want to "average down" like Taz, go for it<BG>. Personally, I'd rather "average up". Either way, it will be stagnant until news (good or bad) is released. It is also pointless, IMHO, to debate the merits of this stock until we get some concrete news to base it on. Until then, I will continue just watching as there are just to many other possibilities out there!<G>. Good luck to us all!
Theo PIO
P.S. NOT directed to you Taz..just me venting...;) |
