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26/05/20
11:18
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Originally posted by Safauroa:
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Agree Steve - irrelevant if the drop is covid related or not... I still would not proceed with tipping money into this until the main business is stable… totally different industry and management however I have seen this same shit with company called Linc energy... stretched themselves to far that it exposed the main business...that company went broke... it was a 1.5Bn company at the time as well. what is concerning is they are showing the same traits.. installing thier own ppl into the businesses they purchase as directors and all..losing focus on the key business we had invested in and lining their pockets in roles they would not have if the main company did not invest in it. Linc bought into companies call AFC energy and I think they other was called powerhouse plc... then they moved into mining and the story goes on and on... I called Linc on that and ill call it here... not the time to continue spreading yourself thin..
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I don't know Linc so cant comment. The NSX investment is very strategic, im happy for funds to be placed in this direction, long term benefits are not just value of ISX investment in NSX but also application of ISX technology so two fold.