I did load up another few at .030 this morning then watched it drop further! I think my heart is still fractionally ahead but the head is getting worried!
I’ve been worried about this for a while. The post with the Wolverhampton plant looks very small scale in the photo. This is going to be a long hold and I won’t be investing anymore. I had always known this was a gamble with it being a new company, so can’t complain it’s the chance you take.
It’s still only March. The company has only just opened it’s first plant. The more exciting plant is still not up and running. So the share price really is no great surprise. As the plants start making money, the mining investments attract new partnerships and the business starts to gather momentum, that’s when the share price will start to move up.
Hopefully it’s sooner rather than later, but this company is still in an extremely strong position and sooner or later that will start to show in the share price.
Getting shares now at this very early stage is still a really great opportunity.
Firstly that the lithium plant that was due to open in Feb still has not come online and no new news as to when it may.
Secondly the mining side of things could end up getting in the way of the share price as mining is notorious for new placings of shares to raise the funds needed, and TM1 have 5 mining sites they want to develop.
So it could be a long long hold.
But that’s just me looking at the drop in share price and thinking aloud, could well be they announce the lithium plant is open tomorrow and all capital raised for the mines will come from the recycling business and we see a bounce to 8p overnight.
What Happens to Shareholders When a Stock Hits Zero?
So, let’s say the public startup you invested in a few months or years ago goes belly-up and loses all its value. Its stock price hits zero. What happens to you?
Well, it’s certainly not pleasant if you hold a long position. But the answer is simple: You lose the amount of your investment. Whatever value your stock had on paper is gone.
That’s about it. You’re pretty much done with this company, and you move on.
Investors who are new to the game sometimes worry about their responsibilities in case a stock they own crashes. Can the stock actually go below zero? If it does, would you owe someone money, since you earned it when share prices went up?
The answer is simple here, too: No. A stock price can never actually go below zero. So you won’t owe anybody any money. You just won’t have anything.
If a company goes out of business, they’ll likely have outstanding debts that creditors will try to collect. However, even though your shares represent ownership in the company, these creditors will not be going after you. US legislators have instituted laws that prevent public shareholders from any financial responsibility if the companies they invest in fail. Creditors can only go after the corporation.