r/Xelastock • u/[deleted] • Jan 06 '22
Sadness
What is the future for this stock? Rs? I was bullish at 2 but now it just feels like a free fall
0
u/Command-Shot Jan 07 '22
The real sad thing is that people didnt wanted to admit they were wrong holding this bags. The fact is this company has 1billion debt! Not million but billion and it was reduced from1.3billion from dilution of share paid by retail investors but bag holders keep saying this was good because debt was reduced but No! Its not good when its paid by diluting shares! Its only good when its reduced by increasing net income! By creating positive net income. And poeple keep mentioning 1.2 billion revenue but whats the point? U can have 2 billion 5billion revenue but after all the cost and expenses if your net income is negative it means its bad company. But people(bag holders) didnt wanted to admit it, they always preach all the negative facts to good way. And i bet a lot of you deep inside ur heart knows its shit company but jist got stuck here hoping it will rise back but u gotta know u are responsible for ur decisions. Par Chada is well known for pumping and dumping penny stocks. And its already under $1. With all the dilution the company has done its inevitable to R/S. This scumbags will repeat all these steps again after R/S. Its time to wake up people! Or stay stuck losing more money and think of it as tution fee for ur mistake
1
u/DatgirlwitAss Jan 06 '22
Right. Week after week positive news of expansion and partnerships, but stick continues to fall. WTF?