RE: The Shocking incompetence of RRR management.13 Jun 2023 15:14
I have invested in numerous companies which ultimately were not successful. Most just stopped trading. some re-invented themselves with a new name, new management and of course large reverse stock splits. I have never seen what AB/RRR have done which is multiple reverse splits under the same management. People/companies with serious money keep funding this company, brokerage firms keep trading these shares .
Why (taking out of consideration complete stupidity which is very doubtful)? Because they see a possibility of making money. I had the opportunity to meet and follow the earlier career of Robert Friedland who had multiple complete failures and kept getting funding for the next try.
Most mining projects fail (90+%) most early stage venture capital projects fail. This is true if they are structured as share purchase, a JV or loan..
Anyone who does not like the possibility of a loss should not invest in AIM shares, penny stocks, exploration companies or any pre-revenue companies. The risks are very substantial