To: Hawkmoon who wrote (266) | 4/14/2016 1:26:50 PM | From: FJB | | | I have bought a bunch of stocks that went bust. Which led me to adopt a one to two year due diligence period where I wait and see what is going on before buying. That has saved me a lot of financial pain, although I never bet the farm on any of the previous companies that went bust. I had a Solar watchlist/portfolio I cleaned out the other day, where more than half the companies were no longer listed or were now trading under 10 cents... |
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To: FJB who wrote (267) | 4/14/2016 1:43:27 PM | From: Hawkmoon | | | This was so sad because I was pushing to see Quantum exploit their tank storage solutions for CNG years before they actually did it.. And then the oil market put them down..
There seemed to be so much promise in this company and technology, but they couldn't seem to get their crap together..
Now, it appears, that Kevin Douglas, the major creditor (via convertibles) will wind up owning the company and selling it off..
Nothing left for current shareholders that I can see.. The company owes him too much money for anything to be left for those who are crazy enough to hold, or buy, the shares now.
Hawk |
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To: FJB who wrote (269) | 4/14/2016 8:16:50 PM | From: robert b furman | | | Hi Hawk and FUBHO,
I have dropped more than I want to recall on the same lesson.
There is perhaps a very real need for a thread that we can document the crash and burn dreams of really good products - or bad - or just before their time and/or under capitalized.
Then again if we truly documented those dashed dreams we may just chase off the guy who's going to buy my stock bought low - at the top. <smile>
It would have value, only in that it would sell more Prozac.lmao
Bob |
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