The following is a copy of a post I made on 19/5/2015.
"Today I attended a presentation meeting from a listed investment company (LIC) & asked the question about their shorting of ACR & if they had reduced their exposure as they had previously held a significant short position for a few years.
The reply was, yes they had reduced their exposure, still had a short position & that they believed the stocks valuation was less than 30 cents per share.
I am simply the messenger so I will leave you to form your own conclusions."
The above post proved to be very accurate.
The warnings I gave at the time appear to have gone unheeded by most of you. The price at the time of the above post was 92 cents.
The only reason I made posts for ACR is that I was aware that the stock was not worth the money being paid & to act as a warning for HotCopper readers & posters to not lose their money.
Unfortunately few appeared to accept a warning made in good faith.
ACR Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held
