Gekko, please look back in history, and ask yourself if the following companies were signed off by Auditors!
HIH
ONE
CXP
ABS
ARI
Just to name a few, as the list is endless
Good luck with close the eyes and all will go away as a bad dream policy.
Just so you know, I was a big shareholder in ARI, and know from first hand experience what pain is all about, as the share price gathers momentum to the downside and you watch your hard earn being eaten away.
Luckily for me, I got out before the company went into administration, with a substantial loss. I now have to work double hard to get that back. Not good for business.
Everyone who steps over the white line and puts their hard earn money into the market, has only one person to blame at the end of the day, and that person is themselves.
My training courses teach my students about running a business. Every business must ultimately run at a profit, to stay afloat. Run your shares the same way as you run your company! It is that bloody simple. Do Not fall in love, as any business is business and love has no sentiment in business.
We use SGH, as a training ground to understand when the "business" is in stress mode, and that is not the "business" we want to be in. If and when circumstances change, then like any business that you look at buying into, you carry out due diligence. It's that bloody Simple.
REMEMBER: When major shareholders vote in favour of increasing directors pay, at a time when the company is bleeding cash, asked yourself this"If you were the director, and this was your company, and you had your blood, sweat and tears invested, would the short term benefits over the next year or two, too freeze major pay increases in lieu of getting the long term goal of returning the company back to profitability?" OR take what you can get because you are thinking of you first and putting your business second!
What are you going to do in running this business?
DYOR
SGH Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
