No I'm not telling you my average PPS nor the number of shares but I will say this I piled on this thing over the last two weeks. Why I have no clue and I'm not pumping or dumping I'm just stating the facts I usually loose in stocks and I'm loaded up in this one. Heck I rode LPH into the ground and Superior bank. I have a keen eye for urina8ting my hard earned money into the market. Oh yea I was dumping Newl to buy more Velt. These are sad facts. But I am riding it to and under now.
I'm still holding long but I kinda feel I have already taken it in thanus! Few thousand shares now about a 17% loss so far so taken on the chin next I guess.
Not buying anymore....... but not selling under .49! Really feels like a cointoss but if it hits..... Ahhh Mella! Zero or $buncha$ I've played both before and the $$$ is the way to go. BK is just painful but it could happen and I've been there to.
Multibagger or Bust you decide!
My bet ......today it is Multibagger! 100% conviction? Not at all but a 100k shares as a multi 76k to 150k banked! compared to 38k loss? I like the odds what can I say. It's my money so if I'm being stupid I'm the only one hurt so if you disagree chill I could not care less what you think.
the Company intends to effect a reverse stock split of its common shares in a range between 10 and 20 shares to one. The Company anticipates announcing the final ratio of the reverse split before the opening of trading on October 1, 2013 and that the reverse split will become effective at the close of trading on October 15, 2013. The final ratio and amount of the reverse stock split will be determined based on prevailing market conditions and other relevant factors.
Agree with you guys here. The secondary was not good but the reasons they stated they would need one are good reasons and they did not over dilute IMO. Im still holding out maybe a bad call but no chance in risk or reward on the sideline. Good Luck guys.