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Message: Re: Pinetree news
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" No one can possibly be that reckless."...I disagree. The financial papers for the last 30 plus years have multitudes of examples of nafarious and reckless behaviour. Does any one remember the former head of Nasdaq, Bernie Madoff, and his shenanigans or the subprime mortgage lending fiasco and the credit default swaps. This is all very recent stuff. By all appearances Sheldon, while we were celebrating the buying spree he was on for PTK shares, believing "he must know something others don't", was in fact hedging bets on the events unfolding within very short timeframes. If PTK took off 2 months ago he would have looked like a genius. Not so any more. Not only has he expended all of his own funds, he margined more funds for operating costs. This IS totally reckless. Unfortunately for us and him the investments he has made have not shot upward enough to hold his head above water. I again hear phrases used like, "he must know something is going to happen"...and the like. The reality may in fact be, that he took what he considered calculated risks, that did not materialize in time to save him. He ended up risking more than he should have been allowed and now will have to pay the piper. What will that mean for us? Hopefully we(Ptk) will not incur a dramatic drop in sp if he ends up having to sell. We unfortunately are in the proverbial little boat in the ocean. Que sera sera. More drama as the POET story unfolds. In the end though, Sheldon is not a fundamental piece in this puzzle,imho. The pieces are all there and being placed and glued securely. There will be bumps and we will have more. As long as the POET team can execute on their assertions, all will be well. Now back to my Astrology and numerology coarses. Good day everyone. And as Rob says, GLAL...Derekwpg.
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