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Finally took a look at this company, and wow, I thought I had a high risk tolerance, but the risks with this company are way beyond anything I could stomach. You have a CFO with a history of fraud AND this company just happened to be one of the ones that threw their hat in the late-2017 blockchain frenzy to pump their SP. Either one of these by itself would have kept me on the sidelines. Kudos to those of you who are comfortable with it, and maybe you'll make a ton of money on this, but it looks to me like a 50/50 chance of ending up with nothing.
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Any negatives are small/explainable, but exaggerated to create FUD , which you are attempting to repeat. I encourage you to go short (if you aren't already) and post your position.
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Well, different investors, different risk tolerance, no shame in that.
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It's more than that. He is miss characterizing the facts.
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Philip, what am I mischaracterizing?
I wouldn't go short on this any more than I'd go long. Nowhere did I say I feel confident this will drop, just that it seems like 50/50 odds you hit the jackpot versus go broke. I have no idea which way it will turn out, which is why I won't take a position -- long or short -- in it anytime soon. Nothing against anyone else taking a position, but at least acknowledge the risk you're taking!
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To say that having a CFO who has a documented history of cooking the books is small/explainable . . . let's be real. Someone else near the start of this thread commented that more credence is being given to a blogger than analysts. Well, except the analysts who have given this stock buy ratings are basing it on the company's self-reported numbers. If those aren't trustworthy, then neither are the analyst ratings.
Again, more power to you if you are comfortable with these kind of risks. It's also a huge risk to short something like this when it is trending upwards. It could easily go to $20, even if it is a fraud (perhaps I should say especially if it's a fraud). So either side you're on, in my opinion, you're taking a huge risk on this.
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Not interested in re-hashing a long repeated discussion over what you are miss characterizing. Just wanted to call you out for your warped assessment of the facts. Anyone doubt me? Suggest you do some independant research, contact IR and founder (as I did) and ask some questions, then follow up questions. Come back after you have done that.
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Well, I'm brand new here, so I apologize that I'm not familiar with the long-repeated discussion. I read multiple analyses on this company prior to posting my opinion. I have no interest in the opinion of company insiders, since the whole point in question is the trustworthiness of said insiders.
Since you're calling me out without willingness to back up what you're calling me out for, I have no choice but to disregard your statements.
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Ah, I see. You are ok with the honesty of author (s) of "multiple analyses", for which you have no idea of their motives, yet you can't be bothered with contacting IR and upper mgmt of the company.
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Correct. I rely on secondary sources when evaluating investments, along with CC transcripts. Kudos to you for having the time to reach out to upper management of every company you invest in.
