VRC 0.00% 0.4¢ volt resources limited

VRC/BKT, page-30

  1. 5,784 Posts.
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    alh,

    Having read your post it sounds to me that you are an experienced investor who understands the risks associated with owning shares .  And as I have pointed out there is risk . Even the Blue Chip companies pose a risk as I explained in an earlier post. I fully understand why brokers are scared to stick their neck out for fear of being sued.  So they go the safe route and only recommend stocks that their company is recommending which are usually in the blue chip category. It all changed a number of years ago when some broker told his client to sell his Telstra shares and buy Davnet shares in the tech boom . The client lost about 800,000 dollars and the rest is history. The broking house had to back the money that was lost .  All brokers  had to sit for a test to get our brokers licence and the world changed forever. Suddenly brokers became aware that they could be sued by their clients for bad advice and they became gun shy to recommend any stock that didn't have a market cap of over 300 million.

    Unfortunatley some here have shown a lack of understanding that sometimes not everything goes to plan as quickly and as easily as we would like.
    WE all wanted this funding to be put to bed before now but this was not to be and Trevor has had a few issues to deal with . The CSMA have been a pain in the side for management  and all current shareholders.
    But the company has explained that other options are being investigated.  What would these disgruntled shareholders want the company to do.
    We can all write down a list of what hasn't gone to plan and we can all write down a list of what has gone to plan. 
    The other day I posted on what the company has achieved during the past 12 months.
    The only comments I have made to the impatient ones here is If you are not happy then sell your stock . This advice has not been well recieved and it seems they wish to argue the point on certain facts that we already know about.
    My thinking is fairly straight forward when it comes to investing in shares. If I am not happy with the way things have transpired I can sell, and if I am losing some money I can always try and make it up on my next investment.
    I don't go beating myself up about the delays and repeat the message to shareholders over and over again. We have had some here who specialise in trying to drag everyone down. 
    You seem to know enough about what you have actually invested in and the reasons why you became a shareholder in the first place. If everyone followed your lead we might have has less bickering during this waiting period .

    Lets hope this funding situation gets sorted out sooner rather then later and it might even bring some peace to this forum.


    Have a good weekend alh.


    Cheers.
 
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