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Topic: LVSG - my sad story (or I am a loser)

Dog Ears 42
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posted

Here is my loser story (I am the loser in this story by the way).

I owned LSTE and have about 10,000,000 shares (@ .0001).

They did a reverse split and then I owned 10,000 shares (which went down again to .0001). I was charged a reorganization fee to add insult to injury.

Now LSTE has changed to LVSG and I now own 10 shares (presently at .025 but trending down to .0001 all over again). Again I got b*&ch slapped with a 20.00 reorganization fee.

I finally could stand now more and gave my stock away at .01/share (not to mention one last broker fee).

Moral of the story - I am a loser because I thought a sh*t company like LSTE would actually move upwards.

For those of you would trade micro-pennies my hats go off to you, you have more fortitude than I have.

Dog (never trading micro-pennies again) Ears 42

PS. Never invest in LVSG, the stock will just go down to .0001 and then the company will do a reverse split or engage in some other shady shenanigans aimed at screwing their investors.

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sunny
Member

Member Rated:

posted

So sorry to hear your story. I too have been the victim of reverse splits this year...TSBI kicked my butt this year. Lost big.

Good luck.

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SmokingUSA
Member

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posted

Dog Ears 42:
I had three kick me with
Reverse splits this year.
One was TSBI, GMZP and I'd have
to go back in my files for the other
one.
I could give you a big list of
my past screw ups.
In another year probably a few more.
Pennies are pennies for a reason.
Some times you win some times you don't.
They happen!

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Dog Ears 42
Member

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posted

Well thanks for the follow up. I know I am not alone in feeling the sting of pennies gone bad. I suppose I just don't have a good strategy for figuring out how to make money with the micro's.

On the other hand I recently cashed in on MDPA. Got in in the .60s and sold for 1.80. A very nice profit

Happy trading!

DogEars42

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IROC
Member

posted

im sure this happens to alot of people, you just never hear about it that much. people tend not to want to admitt thier mistakes.

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poorman
Member

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posted

With you on the LSTA Dog
only 500,000 shares though. In for 200 now at -240 and from what I can tell I should have .25 shares though they don't show in my account anymore.

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famtrecrew
Member

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posted

I wouldnt worry to much about it.. This pig took me for $540 off a $500 initial investment. You arnt the only one that got screwed.

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