posted on
May 13, 2014 05:34PM
Brilliant first post, if it is? This board is very good for informative posts, on the whole. However, I have noticed that when we see drops like this, and don't get me wrong this is a big one, it descends into puerile squabbling. I put this down to human nature, since I have seen it on many other boards.
This is a venture exchange stock. We are pre revenue, and therefore it is very hard for the market to put a price on the stock. We will continue fluctuations like this until a steady stream of millions of dollars are forthcoming. The current decline is the clear inexperience of most investor. It is also perpetuated by the fact that society is inpatient, and expects everything now. Becoming a millionaire is not an easy task, and will not happen overnight. We are in for one hell of a bumpy ride, as predicted by many on here for months.
PC alluded to this in the EC speech he delivered. He also said, in response to a question about the sp, that he expected it to go higher than its current level, I think it was at 2.20 at the time. We have to trust the board are doing all they can to deliver value. If you don't then sell.
I am currently down $100k since the recent high, but I didn't sell then and I won't now, as I believe this will be much higher in months/years. If you want slow steady increases put your money in an ISA (uk tax free savings), or an equivalent stock.
I have had a few rioja's tonight, so sorry for the rant. But please stand firm, this will change, and if it doesn't then I've enjoyed the ride.
Adios