Tuesday, May 5, 2015

Hey, whatever happened to Keek?

Hey, whatever happened to Keek, Sheldon Inwentash's new favourite stock?

Wow! Don't twitter and facebook exist anymore, Sheldon? Cuz this stock was supposed to be so awesome because twitter and fecebook exist!

And was it really such a clever plan of his to corner KEK with $5M in secured notes due this coming October? Because the company's only got a $3M market cap now. You'd have been able to buy them outright with your smokes money by summer.

And there was that $18M financing in Jan 2013, and that $7M financing in Sep 2012, which Pinetree participated in to some extent, not gonna bother looking up how much because all that tells you is whose money's been flushed down the toilet.

The truth of the matter is that all money is fungible, all life is absurd, and death awaits us all.

But good goddamn you've gotta shake your head at those idiots who bought this drain-circling turd of a stock back in March at $2 on the strength of a trading halt (good goddamn, a trading halt?) for a press release reminding people yet again that fecesbook still exists.

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