Trick or treat
One trade that haunts me was my purchase of iAnthus (IAN) (this was when it was still cool to add “i” at the start of a name). The company had a great plan to expand and many dispensaries throughout multiple states but perhaps grew too quickly…and expensively... Not long after, the company made a "transformational" acquisition of a competitor for US$1.6 billion, and its stock tanked.
The following year, iAnthus announced it had defaulted on a US$4.4 million interest payment. Later that same year, shareholders were informed they now collectively held only 2.75% of the equity after a recapitalisation agreement. I still have most of my original shares. They’re now worth more as a (very) small reminder to tread carefully in risky stocks.
The following year, iAnthus announced it had defaulted on a US$4.4 million interest payment. Later that same year, shareholders were informed they now collectively held only 2.75% of the equity after a recapitalisation agreement. I still have most of my original shares. They’re now worth more as a (very) small reminder to tread carefully in risky stocks.
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whqqq : I agree with you. We should make full investigation and psychological preparation before investing in high-risk stocks.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")