REPOST:HEADER: ICVI investors must read: Comments by Tim.P, a non-SI ME DD memeber and lurker and strong
believer. Thanx Tim.
I'm still holding 5K for the long-term, but I feel like I'm in
uncharted waters since I'm relatively new to internet-influenced BB
stocks.
For what it's worth, here's my two cents on current events:
1) The Press Release:
a) Leaks of it's release fueled folk's hopes - when it was relatively
minor - it was a letdown and day-traders bailed with MMs moving in for
a kill;
b) People need to understand that the acquisition of 8,000 acres may
amount to nothing. A likely scenario is that the previous land owner
entered this deal under the condition that they would get a percentage
of whatever ME found and extracted. Therefore, if the land is
worthless - they get nothing - if ME does find huge reserves - they'll
strike it rich too. ME folks would not buy land with unproven
mineral/ff reserves (unless it was significantly dirt-cheap and did
not effect the bottom-line) and the previous owners would not allow
themselves to be "hoodwinked".
2) I think a percentage of the people posting on the SI board need to
improve the quality of their messages. Maybe I have no right to point
this out since I'm only a reader, but still, I consider you and most
of other folks investment associates, kindred spirits and friends.
Most likely, the current negativity is short-term - but it's still not
in our best-interest. This is a widely-read board, therefore, alot of
current and potential investors are using it as a gauge in determining
the health of ME. If I had just starting reading the board four days
ago, I would have not read further, let alone invested in ME.
Again, for what it's worth, opinions challenging the prospects of ME
should be addressed respectfully and with clear and articulate logic
based on a opinion supported by analysis, that in turn is based on
solid data. In this case, ME speaks for itself. For the
emotionally-handicapped posters that keep harassing the board - folks
should just ignore them. Being ignored will drive'em mad and turn
them into a desperate comedy act (an unintended one !). After
everyone has had plenty of laughs they'll eventually go away
frustrated.
3) Other reasons for the stock price drop:
a) I think in this case it's unwise, but can you really blame folks
who got in around .15 for bailing at .7 ? It's a natural upward
spiral in this case - folks buy at .15, then bail at .8 and then
others buy at 0.5, hoping to bail at 2 or 3. Everybody wants to lock
in their profits, regardless if more patience could reward them
10-fold more;
b) MM boys;
c) ME management wants a shake-out to increase the number of long-term
holders. Their company is in it's infancy - a delicate time period.
The stock getting jerked around by whoever could cause some serious PR
problems and potentially hinder future growth. Plus, they want to
control and direct and not cede it to some MMs who don't share their
goals;
4) Long-term outlook: for the reasons I stated in previous emails to
you, I still firmly believe this company is going to be very
successful. Nothing has changed - except for the fact that fossil
fuels are going up in price. This month I'm going to try to contact
Jack U. (if he can spare the time). I'll email anything worthwhile.
Well, I apologize if I rambled or offended anyone. Hope to hear from
you soon.
Sincerely,
Tim |
