ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Introductions and General Chat v
This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks

This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Behappyalways Offline
Posting Freak
*****
Posts: 2,641
Threads: 235
Joined: Sep 2010
Reputation: 28
#1
14-03-2015, 11:13 AM
This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks
http://www.bloomberg.com/news/articles/2...-financing
You can find more of my postings in http://investideas.net/forum/
Find
Reply
kelvesy Offline
Member
***
Posts: 419
Threads: 6
Joined: Jan 2013
Reputation: 10
#2
14-03-2015, 11:45 AM
Pretty damn briliant!
Find
Reply
opmi Offline
Posting Freak
*****
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation: 25
#3
14-03-2015, 12:03 PM
(14-03-2015, 11:45 AM)kelvesy Wrote: Pretty damn briliant!

toxic CB..used by inv bankers on some of S-chips. Diluted and diluted until up lorry.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Find
Reply
level13 Offline
Member
***
Posts: 173
Threads: 2
Joined: Nov 2010
Reputation: 2
#4
14-03-2015, 10:44 PM
These are high class loansharks are not something new. Have seen many SGX counters involved in such things before and after GFC in 2008.

There is a reason why run-of-the-mill financial institutions do not want to lend money to such companies. If these loansharks are serious about investing in the business, they should exercise the CB at no discount and then lock up the shares for a minimum period of 2 yrs.

But again these are penny counters that are dying, what bargaining power do they have.... LOL!
There are no good stocks. Stocks are only good when they go up after you bought them.
Find
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)