Follow up. . . . . . . . Remember all the different gags a month ago?
The AprilFools?
Some came here and for weeks on end tried to convince us how "funny" they were? The many other gags lasted one day. . .but one particular group set up several bogus companies that had perhaps tens of thousands of investors spending countless man hours performing responsible due diligence. . .all in vane.
This thread was first to recognize that the companies were scams and blew a few whistles. . .[This has NEVER been a thread to "follow" others' leads and we have worked to help expose many scams behind the scenes]. . . then a few days later, we learned that the whole thing was a gag gone awry.
Remember how this one gang insisted that what they did was "art," to some wild stretch of imagination?. . .likened to a perfectly executed bank robbery.
It is now a full month later and this band that was dwelling on their "acheivement", even in the face of legal action against the individuals, is now finally realizing the ramifications of going over the top. Evidently, more than just the Feds and investors were put out by it, but now the media has joined in.
More reading here:https://www.siliconinvestor.com/readmsg.aspx?msgid=9270272
SIDEBAR: During a typical trading day, we constantly make decisions about focusing on the one stock that can yield the most right now. . .and spend whatever time is needed looking into it, while allowing other "birds in the hand" to fall away. Daily we ignore losing 10 percent on one stock when we dropped it to grab 50 percent off another. . . that is just good trading. We forget the one in the hand and we grab the one in the bush. We "trade" for the one that has a better perceived value.
But when the one in the bush turns out to have been a big mechanical bird planted there as a gag, the smaller one that was left to fly away represents a loss. . . .and that is where investors were put out and upset, especially if they "invested" many hours in DD.
The faster a scam is exposed, the less time is wasted and the fewer bad decisions are made. . . I sure hope nobody on SI sold any of their shares at a loss to free up money to "invest" upon completion of their DD.
Just thought some here might find this follow up of interest. There are many lessons to be learned by all concerned parties.
Rande Is |
