Re: It's all Risk to Reward
in response to
by
posted on
May 24, 2013 09:23AM
In the case of edig, it's not that simple.
Many of the hundred or more that frequent this board would have sold if they could afford the loss of five or six digit amounts.
It's that most are keeping their shares for that slim chance that faith will be somehow rewarded after supporting bad management for more than a decade.
Eighty million dollars in losses without success onthe horizon eventually forced all of the long time supporters who acquired the bulk of the added 150 to 200 million shares have since sold their positions, taken the loss and moved on, because the loss was probably not as significant as it would be for individuals that post on our board.
You are correct, the risk has been great, while the reward has been questionable from bad management, poor decisions, and some outright lies concerning tjhe business. Only now all of us see only a small break in the clouds, and we hang on to avoid the loss and hope for that uncertainty of a reward based on the potential income/earnings from the current patent lawsuits and the marketability of the Nunchi platform.
The acid test is reflected in the 15 year loss and the major supporters over those years that kept the doors open finally took their loss and bailed. The carrot again, hangs in front of us and may be our last chance to see the reward we have been expecting ovwer the years of frustration and anguish.