News: SCU Stemcell United says FY loss for year $2.4 mln, page-11

As unseasoned investor I made a mistake of not doing my research and just got sucked into the hype and I bought in back in March. Coming from Singapore, I was quite excited about investing into a Singaporean company. After seeing SP drop 20% I decided to do some research into the company. What I found was not much. There's not much information on their website or on the web.

But what I found was alarming (see below). So I decided to sell at a 40% loss and get out while I can.

- Their Australian head office address and phone number is of an insolvency firm, Nicols and Brien (ironic). There no way of contacted the company.

- If they are not based in Australia and don't do business in Australia, what was the reason for listing on ASX?

- They provide vague information on their reports. There's been no progress report or information to Nevil Schoenmakers involvment with the company since March. Is he still involved? have they done anything since?

- Their board members have links to other companies that have less than desirable track records.
Chow -Yee Koh company secretary has links to Sunbridge Group (SBB.ASX),  Invitrocue (IVQ.ASX) Ibosses.Corp (IB8.ASX). Jamie Khoo has links to Lionhub group (LHB.ASX)

GL to anyone else who still hold. Yes, they could announce something out of the blue, and the stock could rocket up again, but I didn't want to take my chance anymore. If I wanted to gamble I would go to a casino.

All in all, 40% loss was nothing compare to where it's sitting now, and I am glad I caught up my senses and sold. Putting it down to a very expensive lesson. DYOR (a simple and obvious practice to investing but one I was too foolish of skipping..)