May. 13 at 2:08 PM
$NFE ,
$BOT
( I know this is long-winded and most will not read. but I dont mind typing.. and maybe some of you don't mind reading)..
so I made a mistake the other day. Right after I mentioned ticker
$AMZE it jumped up over 50%, only to then crash back down. The fact it went up and sold like it did, that made me wonder- and so I then checked out their public financials /SEC filings on their website ( I implore everyone to do that for a company that they are investing in. I made a mistake a couple times in not looking at the financials sooner)
In any case, this thing looks like a dumpster fire. SORRY! Its not that the idea is bad, it's just that I think now ( behind the scenes of the company), that they are having trouble with how the are handling purchases, etc. , paying out to social media users, etc. etc.
You can have a decent idea with " live selling of social media influencer products", but if you don't know how to handle the sales behind the scenes (ie, its not a very well automated service), the it does not matter how good the idea is, its going to fall apart.
And looking at how much money they haye, and how much they want to dilute starting in June , then my suggestion is to run! I took half of my investment at around the 24% mark when it shot up last week, and I decided to sell the rest when it went up again 6%. I was in early enough, but I am sure some others got stuck much higher. I think there are some definite pumpers on this one ( no, not me!),and I think those pumpers lurk Redit and Stocktwits ( Hi pumpers!) , and I think they would like to pump this one again before their " big news " in june ( which I believe will be a big ol ' poop party, quickly followed by eating poop, including massive dilution up the ying yang) ) .. and so you can try playing with fire, but my personal opinion is to not trust this one . Could they get lucky, get it back to
$1, catch some great news and get social media creators to sign up in droves, and then fix the back-end issues after the attention? It's possible, I'm just not risking that bet.)
In any case, I feel bad recommending them. And I've now learned my lesson on two stocks now that I was lucky enough to be early into, but then stuck around too long; either because I trusted the idea, and or the CEO . ( the other company being
$VSEE). I actually still like some of what VSEE is doing-- again, the idea is there, but I don't think they know how to steer the ship.
At least at VSEE I don't think they are shady people, unlike my impressions of
$AMZE - I mean, why else did that thing shoot up like it did on Friday? And I've been right before on more than a few runners over the last year ( I think like 6 or so- and you can go look at my history on them).. I must either be ok at spotting a stock that has things working for it that could make it turn into a " runner", or it is just dumb luck.
In saying all of that.. I have a new stock I would like to discuss :-) The ticker is actually so new that it does not have a room on Stocktwits( or at least did not yesterday). It is called
$BOT ( Robot Strategy ) .
The CEO is Andrew Kang. If you look him up, he has a history in bitcoin.
Now some people that started with Bitcoin early ( 2011-2012), they were not “good” people, but there were also very smart, and more importantly “ forward thinking” people.
I believe some people have a good feel for when something is “ right around the corner”. I am not saying Andrew Kang has that, but I think it is at least important to look at what he is doing:
There are a lot of people, myself included, who have always found venture capital interesting . ie, investing in a company before it becomes public, or before it starts sales. If you hit on just 1 in 10 investments via a venture capital seed round, then , depending on the area, it could be a huge investment. In this case, they invest in seed rounds in companies that are pre-revenue, pre-public, or even in public companies that have interesting tech.
Now I can see why this could be a very risky investment, because you’re trusting what, maybe 5-10 people at they very most that are making these decisions.
So there is clearly risk involved here-
BUT, if this is accurate and these guys are just wanting a percentage of their fee for growing the portfolio, and this is not some elaborate hoax to slowly rug-pull retailers, ( or funds that were gamed), then this way of investing could actually be considered a game changer.
Now this is he part I am not sure on. If you check out their investments on their website, some of this technology is very interesting, and you never know , maybe one of these will be huge. Some of the technology in these companies is actually really cool.
But who exactly is Andrew Kang- and should he no be trusted?
I’ve heard some things from him, and I agree with him on certain things. And I know there are people that will say “ uhh , duh, we have been trying to have robots in our homes since the 1950s , and it has not happened yet!.
But if that is your view on things, then you very well could miss something., because not only are the robots coming, but he robots are here. And if you think you know that the biggest robot company will be someone like Tesla, then your missing out on Tesla’s biggest rival, and one of those rivals could be an early investment in BOT stock.
So again, I could be wrong. And if here is someone that knows specifically why this is a bad idea , or I should not trust the CEO at all, then please let me know why?
(And hopefully it is not just coming from someone’s personal opinion on someone, just because they never heard of Andrew Kang, etc. )
I need concreate reasons o understand why this one is a huge red flag and no just a simple risk ( like everything else in the stock market))
