Why would I be unloading?
I have been adding.
I spend a year researching this business, doing due diligence, meeting and talking with many different stakeholders....and then I am going to jump ship because of a very badly executed capital raise?
Management made a horrible mistake taking advice from their chairman. The stench coming from that individual is so strong they will have to act eventually. Whether they do that before ASIC and the ASX force their hand remains to be seen.
Either way the board is on full notice.
All of this aside, the business is doing very well in my view and we now have $20m in cash to execute the boards growth plans.
I do not take the short term fluctuations in share price (positive or negative) as evidence that I have got my investment thesis right OR wrong.
The P&L will do ALL the talking in the end.
I don't come on here that much lately as there is very little value added here. Most of the serious discussion is now occurring in private ** chat groups.
Will leave it to all the posters who hold no stock professing that they "are not down ramping" just looking out for poor unsuspecting holders who have been tricked by the pumpers!!!
Do you fools actually even read your own dribble to see how ridiculous you actually are?
When posters make post after post on a stock they don't even hold and don't really contribute on any other stock thread its pretty clear to all to see through that.
Good luck to holders.
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3 | 340000 | 0.017 |
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