Well, ladies and gentlemen, I decided to take my excruciating losses on the chin, and I cashed out of my 364,000 shares. Got an average price of about .02 (compared to my average buy in price of .29 or so). Yup, about a 100k loss. Poof.
Anyway, here's my .02:
To all the oldtimers like RT, rocken, hotstock, scriab, ybirdsonfire (has he even posted recently?), and even the ever optimistic (and frequently, I'd argue, deluded) FortuneKing, it's been a heck of a ride these past 6 years. I have lots of regrets with this stock (like not taking profits off the table when it went to .72 after getting FDA approval for the OEM module), but I enjoyed the banter here as well as the mutual wishful thinking. Same goes for all the other people on the board whose handles escape me now.
It's clear to me that the company is going bankrupt and is going through the motions of SEC filings so they at least don't get fined/jailed/slapped on the wrist. I think they should have released an apologetic press release, but perhaps lawyers tell/told them not to -- but sure would have been nice to have gotten something to mark the end rather than hiding behind filings. So much for the "strategic alternatives" or whatever euphemism they used to keep hope alive a couple quarters ago when they intimated they were trying to sell the company or at least get a fresh infusion of capital.
I'll probably check this board a few more times this week but then I plan to remove it from my bookmarks and attempt to never look up the CAMH symbol again -- don't want to jump off a building if the company suddenly gets bought for more than .02 a share! I just couldn't take losing everything. Now, I at least have losses to mark against my AAPL cap gains and about $6k to put towards next years HSA contributions and anticipated health insurance deductible! So fun...
Good luck to every single one of you re: your investing, your work and personal lives, and most importantly your health!
Sentiment: Strong Sell
I feel sorry for all those who lost money on this stock and I know it is almost impossible to make it back.
I placed an order of 50,000 shares at $0.013 and I got filled. I guess I have little to lose, just a mere $650.
I really though wish good luck to all who are still in it.
Understandable, Kamaaina. Those of us who are still holding out (our rapidly dwindling assets) feel your pain and commiserate with you. I join in thanking you for your input over the years, as well !
I am still here, just watching and hope someone (with deep pockets) will see the benefit of this technology and buy the company. Yes, I am very disappointed in the company's performance. You got a technology that can save literally, over 300,000 thousand of lives a year in the USA alone but can't get the product to market.
A recent PR says, "... Ali Haghighi-Mood, the Company's President and Chief Executive Officer, Vincenzo LiCausi, the Company's Chief Financial Officer, and Roderick de Greef, the Company's Chairman of the Board, have stepped down as employees and officers of the Company...." Officers, this is what happens when management isn't doing a good job for the people of the world, USA, investors, and themselves.
I will go down with the ship because its not worth selling my stock. I believe in this technology and hope something positive will happen. Its difficult to commit defeat, so I will go down with the ship.
RT To kamaaina42:
Farewell my good friend. I've enjoyed my experience here with you. I'm still holding my entire postiion for whatever it will be worth in the end which will most likely be nothing. Our journery through CAMH over the last many years has been a pitifull disappointment not only because of our monetary loss but because its a HUGE loss to mankind all over the world. Take care and I hope you see better investment days ahead.
Cheers and good investing,
RT, you might want to consider selling your shares while you can so you have a definite selling price to write the investment off. After it stops trading, you have to go through hassles/hoops to determine the loss to write it off on your tax return. Why go through additional hassles? Talk to your broker about this. Good luck to you and all on this board.
We have all been hurt by the incompetence and irresponsibility of this company's manage,ent but your post was very kind. All the best to you and the others who at one time believed that the people we invested in we're decent hard working professionals.
We were played..
We were wrong.
Thanks kamaaina42 for the kind words and I have always enjoyed this boards banter as well. I wish you well. As for me I will wait for the lights to be shut off. I am hoping the icd - scd prevention draft review and or the study results may 8th produce some meat and potatoes - we will see.