APB 0.00% 1.0¢ arafura pearls holdings limited

make or break time coming up..., page-9

  1. 2,144 Posts.
    I don't know if anyone here remembers the goon show, the one about every time they met someone they ripped the map in half and gave half to the new person. This company is looking like that, a complete joke for the initial shareholders. The only people who know what is going on are the directors. I don't know if the company is going completely bad or is on the cusp of doing OK. If it is about to do OK then the directors by having knowledge of what is happening must be massively increasing the percentage of their holdings for very little. For shares that were initially issued at 20 and 25 cents to be having issues at 1.5 cents borders on insane. The directors are the only ones who know what is happening. A novice cant understand how they do their books or what they mean. Eventually if they stay afloat they will produce a lot of pearls. The only ones to benefit are the last ones standing. How do we know they are not saving up the bucket of perils while issuing new shares and increasing the number of shares? I have not been given one explanation of how the company is doing. I bought these shares on the recommendation of the accountant I use as I trusted his judgement.
 
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Currently unlisted public company.

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