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27/02/18
17:49
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Originally posted by Busy Bean
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The funny thing is, everybody that's screaming "sell sell sell, it's only worth 20c" are all non-holders that don't actually have any shares to sell.
I'm only aware of a handful of people who currently hold that have openly stated they will sell once out of suspension. In addition to that, there seems to be a few non-holders around who have recently researched the company and now see this as an opportunity to maybe buy in whilst the price is cheap.
I'm not saying the price won't drop on open, I'm just saying it takes a buyer AND a seller, and if the stock is tightly held then the price will be supported.
In the meantime, it's pointless guessing. Let's wait for results from ASX investigation, the H1 report, the Q3 guidance. Then make an informed decision. For sure this stock won't be for everybody, and if it's not for you that's fine, but it doesn't make the company worthless.
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imo most of those die hard screaming non-holders spent lots of time here are actually with only one agenda in their mind, get in as lower as possible. You don't need an IQ 185 to tell you that this is perhaps the only chance you can buy at big bargain.