As I recover from being raped this morning by the T2 leadership team, I am starting to process what happened to us.

We know that shorts just made retirement money in a matter of minutes this morning, but in the tens of millions of shares that were dumped by panicked sellers, someone had to be buying all those shares. Who was it?

I think we just fell victim to a scam. John kept telling us we could get the stock up organically, then announced that earnings and news would come out early (this afternoon after close) which gives the indication that good news is coming out.

Then he pulls the rug out from under us pre-market and tanks the stock price. The only positive way I can spin this is that someone was forcing their hand (CRG) to do the split, and he didn’t want the good news to be stained by the split if announced together, so they went with the split first, then will announce good news this afternoon that will hopefully make the stock finish higher than it started the day.

But… I think we still got screwed for 2 reasons.

1) it was gaining momentum and I would have liked to see where it could make it by tomorrow if they had let it continue.

2) it still looks like they don’t care about their shareholders. People take the risk of investing in companies like this for the possible lucrative rewards. You invest in safe companies for small returns. The reward should match the risk. This stock split crushes the potential for return.

When you purchased a $.20 stock you did so knowing it could go to $1.50 or $2.00 in a year and maybe $20-$30 long term. That potential reward justified the risk. But with a 100:1 split, we’ll be at like $20 a share and will need it to go to $150 or $200 to match that $1.50-$2.00 profit level. That is very unlikely, which means We took the risk for no reward.

Very disappointed in T2 leadership. Now those of us who didn’t dump have to hold long enough to recover our money and move on.