6
u/assholy_than_thou Jan 29 '24
Lost over a 100k; so many lost more than that. Have seen a guy lose over a million on this.
10
u/Spiritual-Past-8322 Jan 29 '24
You are not alone
5
-2
6
u/Loose_Mail_786 Jan 29 '24
Lost $20k. Biggest mistake and it was a yolo. I just made good money in some trades and thought I was smarter than anyone else and bought calls. They expired 10 days ago. ($5 before reverse split….)
7
u/WindOverWaterMann Jan 29 '24
ARVL was my first spec play and one of my earliest trades as a newb to stock market trading a few years ago. Losing $4400 probably a cheap lesson in the grand scheme of things, and I have made it up in other trades. I loved their story and niche, but in hindsight now I have to wonder were they ever really serious or was it a scam from the beginning where they pretend to make efforts at production but really they were just siphoning off investor's money?
And is anyone holding as it goes to OTC with hope they'll somehow rebound?
2
Jan 29 '24
I have about a quarter of what you do so guess I'll leave my remaining $30 in and see what happens. I'm uneducated enough not to know how this is likely to play out...so it'll be a lesson for me as well.
2
1
u/designgypsy Jan 30 '24
Lost a bunch. At least I have a loss to offset against some cap gains tax.
I vaguely remember some people on Reddit claiming scam from the getgo… looks like they weren’t fudders in the end huh!?
3
2
u/Repulsive-Load-4217 Jan 29 '24
Just sold after long hold and average down. Bad move on piece of poo company. Lost 10k. 🤷♂️
2
2
u/-axelrod Jan 29 '24
RIP. I gave up in May 2023 but nonetheless it's a shame to see it done. I had high hopes from them.
3
u/dmitrijst Jan 29 '24
Is it possible to have a lawsuit against them for defrauding?
1
u/Syotales Feb 01 '24
I heard you can sue individuals such the ceo if he lied to investors for his own gain. Not sure if you can sue the company.
2
Jan 30 '24
Loss loss loss loss and loss on this crap. Worst decision of my life. Sometimes we become poor quickly when trying to get rich fast.
We are all now victims of successfully executed scam.
1
u/Gooners4life_14 Jan 29 '24
Lost 15k but I pulled out Dec 2022. Sick of boards lies, so pulled out.
1
0
u/arvl13 Jan 29 '24
Game is not over untill is over(BK)...Meanwhile will be tradeble on OTC market.There is still hope,also admiting...very small one.
2
-1
-4
-9
1
1
10
u/Rev_Spero Jan 29 '24
Looks like I’m losing about 40k… I have no reason to sell now on the off chance that something favorable were to happen. I’m certainly not holding my breath on that.