Well I totally agree with this post. I would not call them inhumane but just displaying pure and utter contempt for shareholders. Oh dear, what the hell did I invest in.
How was I to know MMX is a company that does not give a toss for the average mum and dad investors. Leadership makes a company, not the company. Unfortunately we have a bunch of duds here. One thing I keep on asking myself is why the hell the top 20 are letting this happen. You can blame the broader markets but you are kidding yourself.
I now hold just over 50K from an initial 140K shares. I suspect there are serious problems within and am now expecting the worse case scenario i.e. uneconomical to proceed. Any exit now would really, really hurt.
I have circa 20K realised losses and lots of unrealised losses. A very bad place to be indeed. I have invested in some real humdingers in my time but MMX now takes my top spot.
If there are any new investors looking at investing, probably now is the best time given the fear and panic. Normally signals the bottom.
I shall now change my signature to reflect my biggest investment dude in this lifetime.
!!! SHAME ON YOU MMX, you have destroyed lives, hopefully you can all still get your salary and bonuses!!! Seems that is all that matter to you.
PS, I will survive this and take it on the chin. IT will take a long time to recover this but I feel sorry for folks that this could seriously ruin their lives.
There is no sentiment option available to how I feel. I would hate to have lost so mcuh money and get suspended from HC.
Disclosure: Position (regrettably)
Sentiment: ($%WQ+$()%*$(*%
Lesson: No matter what assets, potential or JV partners a company has nothing can screw up a company's future like a bunch of monkeys running it.
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