No, you are right. That was the gamble we all took. However, when a stock has a reverse split of this magnitude, with no earnings at present, there is bound to be a DOWNWARD chain reaction on Monday...
Hell, if everyone that read this thread decided to commit to holding their shares, it wouldn't be as bad come Monday, but realistically, it ain't happenin'...
Traditionally, unless the company is strong and has great earnings, shareholders bail on the inevitable drop, and buy back in lower.
In this case, IMO, TFRY had no choice but to split, due to their outrageous # of shares out standing, approx. 100 million. No serious investor in their right mind would have bought the stock with that amount of shares outstanding.
That includes myself. Personally, I just threw some spare cash into it, as a total longshot play. I would not have bet the farm on this one. I mean, I love the concept as much as the rest of us, but to be brutally honest, the fundamentals were/are terrible, with 0 earnings, and will not improve until the machines are produced, sold, and used. That, my friends, is and always has been our only hope, just like you stated, Francis...
Good Luck to all!
Here's to a better 1997, I hope!
Get those damn machines made and running, guys!
I want to buy vending-machine fries!! |
