Hi All,
Sad to see many Cybergeckos retiring from the string. Now, as more and more important news on this company may break, is not the time to retire totally. Keep on top of developments.
One thing I see that is positive....many of the posters, myself included, have done more research on this company (perhaps as a post mortem) than they did at the beginning. The cruel lesson learned here is that, in this arena of penny stocks, you enter a highly unregulated market and one should trust but VERIFY. I know it's dificult when the chairman looks you right in the eye and lies. But better homework and less hype makes more money.
What is also important to recognize immediately, for those of you still holding this stock is that this is (pinks) the least investor friendly market. It is the least scrutinized, least regulated market you'll ever have the privelege of seeing in the US. The perils are large here...
The spreads are enormous, on a percentage basis...for today, it looked like the bids ranged from 6 to 18 cents and the offers ranged from 25 to 50 cents. What's the downside risk from here? In a worst
case scenario...100% of the value of your investment at the bid today. What still bothers me is that some of you holding on see your risk as a mere 18 cents, when the reality is that it is 100% of your money in this investment. If the train car is empty, you may simply be on the wrong track.
Remember also that a few mental and physical stops can make a huge difference. It helps one to admit when wrong, and retards your greed factor when you're right.
For those of you wondering about detecting the magnitude of a potentially large short position, you need to know that tere is no way of telling. Disclosures are not required of stocks traded on the BB or pinks. Often, the little guy is left twisting in the wind because it is difficult what causes movement and activity.
If you want certificates, I'd hurry. May not be possible to have one-share certificates done without paying more to get them. It may cost you more than the share price.
This is not the time to retire from this situation, but to listen closely for any positive news. Don't see much on the horizon. The SEC did say that their investigation was continuing. They may need more time to seee if someone comes out of the woodwork.
There will be plenty of time to get back in if the news is good.
At this juncture, it is preferable to buy back on the way up.
Best of luck to all.
JILTED but a pleasure chatting with you.... |
