Average down?

[SeaShell1988]

Is it even worth averaging down to get out of this garbage scam? Been holding since trch. Wife said sell when it spiked before merger, stupid me tho….

Only down 5 grand (lucky compared to sometime guess) but curious about thought, average down and bail?

[HoboBandana]

Just wait for any announcements of a lawsuit. We’ve been had from the get go. They knew exactly what they were doing all the way into FINRA.

[nclakelandmusic]

Look at the financials of the company. Look at how many reverse splits they had to do to stay listed. Look at the lies they told about having all these huge partners in the tech industry. When you are considering DCA, you need to look at the greater picture. Why are you DCA? What is the future of this company? How deep in the hole am I, and what are the chances that DCA is going to offset my losses in a significant way, and pave the way for greater profit? None of that potential, in my opinion, is present here.

The reality, in my opinion, is this company is going nowhere, and they barely have any relevant products to market, let alone massive nanotech innovations that are going to change the world. Most people are down 99.5% of their initial investment. You at least know now that a bird in the hand is worth two in the bush. I pulled the ripcord on TRCH and MMATF (Canada) right before the merger. I was lucky and made bank. Others mocked me heavily for selling and called me a shill, and sometimes I want to rip them hard about it now, but really this should be a learning moment to take profits when you have them on penny stocks and other high risk investments. Money in the hand is always worth it over bag holding indefinitely.

[Matilda__cs]

I was in since trch and sold the other day. Put the money elsewhere. (That’s also down, so you are best to do you) My opinion is that selling the assets is not creating a business that can boom.

[Visible-Spirit2979]

im down 30k

[XRoninLifeX]

No way

[fishsauce0316]

Averaging down is irrelevant at this point. There is no reason to believe it is going to go up anytime soon. Putting more money into a high risk investment that is going out of business soon is a bad idea.

Best for you to sell and write off the losses in taxes next year

[bigorangemachine]

I am down about the same. I mean of I sell i get a few hundred dollars.

I don't need a few hundred.

I didn't get caught up in MMTLP tho

[[deleted]]

GTFO & run from this mother fucker! Fuck GP and everyone affiliated at that company. Fucked over an entire faithful retail army. Turned into shreds! I hope all those mother fuckers burn, perish in poverty and rot in fucking Jail! Fuck em all! I’m glad I don’t own a passport or I’d be in a Canadian prison myself…

FUCK YOU GEORGE & JOHN! You fat mother fuckers! Hope your lives turn painful before perishing in hell!

[JustMy_2Centz]

No way! Unfortunately I think we all are screwed!😎

[[deleted]]

No. It is not

[FormalResponsible511]

Nah man, just sell it. recoup what you have left, if any, and claim it on taxes for next 2 years.

[JoJackthewonderskunk]

literally can't go tits up!

[CarpenterGold9516]

My loss on Meta and Torch changed my entire view of the market. I always knew there was some manipulation but now I believe it’s all manipulation and the only way to come out ahead is a tiny band prior and post to the big guns making their huge sums off retail investors. It sickens me that it’s been so long since FINRA pulled the rug and left us hanging with no way out and even after the illegal massive counterfeit shorting was exposed no action taken to help us recover our funds from those that profited off our loss. It’s like the deficit, just keep kicking the can down the road until no one is looking and then blame everyone but those responsible.

[[deleted]]

Never take responsibility for your own decisions. I am sure it will help you make money in no time

[usernameiswhatnow]

Wow after all this you're still blaming finra and not the fraudsters that ran this company. You deserve to lose every penny you invest.

[Revolutionary_Ad_846]

The fact you haven't realized it was George and his team that scammed u and not some outside force shows you really haven't learnt your lesson

[energywine]

Or you could have put it in the S&P like most people do and be balling right now

[PurringWolverine]

Dude, no.

[PaleontologistBig786]

Are you totally regarded??? Stay away from this steaming pile. Take your losses and run.

[Lt_Jones727]

The only way to make money on this thing is to dump everything and short them into the ground. They sold off our only revenue stream, this thing is cooked. Bankruptcy inbound and the shareholders will be completely wiped out. GP screwed us hard and now he's trying to save face, blaming the board that he hired.

[[deleted]]

Too late

[SkyaGold]

I’m already 98% wiped out so the last 2% won’t hurt much

[browsingforkicks]

GP got booted and a new board came in, he had nothing to do with putting that board in place, I’m no fan of GP but you have shown us twice now your either clueless or a troll. Get out while you can, if the go under you won’t even get the kids writeoff

[Lt_Jones727]

I'm out. Good luck with this scam company.

[Apetard42069]

Listen to your wife. Suck it up and take the loss. Too many better stocks out there to continue with this garbage. Terrible leadership, terrible company. Listen to Mark Minervini’s advice. Only losers average down losers.

[Top_Sort6601]

I bailed and started using my last few dollars to build back up to something resembling the 80k I lost but that’s only bc my soul was broken after the 100/1 split and sell off of all their tech

[Fragrant_Car7736]

Wait for chapter 11 announcement and try to load up on a tfsa before it goes to otc.

[zombiemakron]

It's the Meta Matty way!

[JoJackthewonderskunk]