I personally dont give a crap how long its suspended for. i buy the story and i think its a real company with real products and real employees and a viable business plan. It relies on some approvals from some bureaucratic organisations and there are a bunch of things that involve sitting and waiting unfortunately. I don't know how many of us here have day jobs but I do, and i find there are two types of people, the type who can carry on with other things while waiting for information, and the kind who relentelssy pester and think that the more they demand answers the more likley the wheels of motion are inclined to magically turn and get to results. I personally are in the former category - and in my opinion the reason i bought this share is cos i thing its a good long. i didnt buy it to pip trade, to profit from a volatility spread and make a quick exit, i bought it to hold as an investment. the current situation i dont feel warrants delisting, and i feel that had the asx not had their query on the best green day we had all month the price would have naturally moved up a little anyway. of course we will never know that.
right now i personally hope it stays suspended for a month or two, so when it reopens it drops a little further, and ill tripple down on my holdings for half the price i paid on it, and continue to hold it for the next year probably, but when it comes time to sell, i will be very glad i did.
Of course i could be wrong, that's investment isn't it? You either trust yourself to research, and trust your decisions, or you don't.
Im sure there are a bunch of people caught out who did not intend to have their capital held up in this situation, and im sure they will be very upset about it, but i suspect the kind of people who precipitated this asx intervention, and who are most negatively effected by the suspension, are also the same kind of people who have a fairly impatient approach to life in general, and might want to have a serious look at their investment strategy.
anyway good luck to everyone, im personally ambivalent about this situation, perhaps i've been doing this too long now hahahaha ;D
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