You're probably right the rational would be to keep holding, if I held till now (best of course would have been to sell out when it spiked up after SFO settlement). But I can't take it anymore, no sleep and super anxious. This part is not made for me, I don't have the nerves to go down in glory or wait for the phoenix to rise back. I truly wish you all good luck, and not everyone here is a ramper - deramper.... Cheers.
Yeah, I don't like to post. And I don't hold many eggs, ENT and this were the main ones, so not great year. Anyway, feel free to dismiss my post, I just need to went my anger / anxiety. Wishing all luck.
I am devastated, finally sold out like many LTHs, coming from 400+, down to average 120 (and thank god I decided not to try to go down further!) That's more than a master's at Ivy league, over 150K loss. I think I learned my lesson dearly.
Just to chip in - Clearly I do not know anything, but this can totally be a pure short attack, circumstances are ideal for such (low market interest/trust in share, high percent off the market in IR hands, huge fall on no news for an extended period).
It can also be something else, we'll understand latest on 20th I presume.
actually, it would be somewhat more reassuring if the whole drop were shorting (instead of ii/lth selling) - that's likely pure speculation, not based on leaked info. today we had 3.4% of all shares traded (many multiple times), if about 1.4% of those are simply new shorts, that'd say price is driven purely by shorting. such volumes can drive a not too liquid stock anywhere, pfc clearly has issues here - not many investors are willing to jump on board for such volumes, so share price can be eroded slowly but steadily. this seems different from a leaked info - then i'd expect a couple days insider advantage at most, here we have 2 months! i think ****ters simply realized that whoever wanted to buy in strongly to pfc already did, so there is no market to match a campaign of short selling. the upside - this would not concern the company performance, as long as shares are not collateral somewhere - so we'd eventually recover also in terms of share price.
this, or a skeleton is indeed in the closet for 2 months, which would be criminal negligence.
It's really hard to know for sure, but it sure does look similar to Hurricane energy' saga. Not that great an outcome there, but could have hurt shareholders way worse than it did. It ended up being sold at 85% below all time high (ATH), but a short attack did take it down from ATH 60 to 0.7 (i.e. nearly 99%), and they tried to push through a debt for equity schema which would have wiped out shareholders. Court orders were needed to prevent that gross mishandling from board side. They might be following the same recipe here, hopefully with the same (failed) result. That. or there is yet another skeleton in PFC's drawers, but considering the slide is going on now for nearly 2 months, this is actually not so likely - if there was an imminent bad news they either should have released it as an RNS or the management should face criminal prosecution. PS: LTH lurker, in since 2020 (before covid), i don't even bother to list my average.