After reviewing the financials of PGN again overnight, I am concerned that they were not able to secure a bank loan and had to use their LOC!!! Can anyone throw more light on this?
Seriously, this may sound stupid, but I am praying very hard they take this to under $1. I will buy 500k and in 5 years retire and collect dividends for the rest of my life. A friend bought 700k KFN in 2008 at 42 cents per share. He is now retired leaving on dividend only. NO PAIN NO GAIN MY FRIENDS. Hang in there we would laugh last
Hey my friend I am down as much as you are and probably worse, lost close to have a million so far on this POS. But I am not on margin and I not selling a single stock. I was a victim of similar circumstances with heavy margin and lost about 5m in 1999 but I eventually bounce back to almost 2.3m. PLEASE GO AND BUY BACK WITH THE REMAINING CASH, you will do just fine if you take a long term view. JMHO