After receiving an e-mail today stating “many people made decisions based on what you were writing”, I decided it was time to break my silence.
First of all: Shame on anyone who based buy/hold/sell decisions solely based on my writing. I’ve made honest disclaimers in every post. I was (and still am) an AMATEUR doing investments and trading VERY part time. I simply decided to share my Due Diligence after seeing how difficult it was to find honest sources on forums. I cited all my sources so YOU could follow the link yourself.
I have no ties with OWCP or NXEN management. I would e-mail them and they used to reply 1 out of 5 times — maybe. Never giving me any information they wouldn’t already provide in a PR though, so I stopped e-mailing them.
I’m still holding over 200,000 shares of OWCP with an 88% loss as of writing this.
I “went silent” because I realized the direct connection between reading about OWCP and/or NXEN all day and having a short fuse in life. In mid-2014, I became a father to twin girls and lost one 4 months later. I felt I was not being as good of a father as I could be because of the frustrations and annoyances I would experience dealing with angry shareholders, bashers, and the loss of my own money — which I could have really used between 2015 and now.
I tuned out stocks. I rarely checked my portfolio. It’s literally depressing. I’ve honestly been a lot happier not checking on things and I decided to hold on for the original reasons I was excited — the potential of FDA approval “some day”.
I still don’t think that’s impossible, so I kept holding. Will I hold for 2 more years for Phase 2 and Phase 3 to complete? We’ll see. Maybe seeing $0.25 some day again (assuming no Reverse Split) will be enough to get the hell out.
I’ve learned some valuable lessons at the expense of a much needed savings account. I didn’t put all my eggs in one basket, but I put too many in one basket. I’m mad at myself, but I want to be reminded of it as little as possible. Thus, I stayed off Twitter, I avoided all the Forums, etc.
The fact is, I’ve been busy focusing on my actual career because that’s something I have a lot more control over. I’ve been expanding our IT Services business and started another side business to bring in additional household income to recoup the losses (so far) of OWCP. But, again, I haven’t sold all my shares so it’s not a realized loss yet either. I did, however, sell some towards the end of 2018 for a Tax Loss scenario. Ugh.
So, there you have it. That’s where I’ve been. That’s why I’m silent. I have nothing to add. I’ve just been ignoring it all as much as possible.
I wish you all the best of luck in whatever you decide. For now, I’ll wait and see if announcements about Phase 2 come and make my decisions as things happen.