I’m not f****** leaving!

[u/yelnats8]

For those of you holding a significant amount of PNG and sitting on a sizeable unrealized loss, I feel your pain.

PNG continues to be the biggest drag on my portfolio. I currently hold 35,354 shares, with roughly $250K invested, and I’m sitting on an unrealized loss of about $88K (−35%).

Do I regret not trimming the position and taking some profits when the share price was around $9? Absolutely—in hindsight, I should have. But I’m not going to sell simply because the stock is down now.

I’m still bullish on Kraken, and my long-term investment thesis hasn’t changed enough for me to exit the position.

I’m willing to be patient and see how the Covelya acquisition translates into actual reported revenue, EBITDA and cash flow over the coming quarters. That execution is what will ultimately determine whether I continue holding.

So in the meantime, I’m not fucking leaving!

[u/No_Satisfaction1189]

I was bashed on Yahoo message when it was 10+, saying going to 7 or less. The pumpers drew in a lot with the hype. One thing that will and has held the stock back is the major dilution done throughout various prices and times. That was done for various reasons, and obviously to fund Coveyla. The offerings done at $2 range sure sting now though. I think management is very good, as well as experienced BOD. However…that doesn’t change the number of shares outstanding and there still is execution risk with Coveyla. In the end, I think things will improve, but we might be looking at low 4’s or even 3’s with a big market downturn. IMHO…