So to be fair Punter, calling a sell 2 yrs ago would have had you missing the largest upside move in the history of the company.
But if you called the top at 23c about 18mths ago, then well done.
Yes familiar with Ponzi but that's different to talking up a company. In a Ponzi scheme the money from new investors would flow to current investors disguised as legitimate earnings, thus giving the false impression of a profitable company. In this case the new investor is buying out the exiting investor at a variable price, and there is no physical path to the company funds. It's just the sharemarket doing sharemarket stuff.
NAG Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
