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Wealth destroyer, page-71

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819 Posts.

19/02/17

11:39

Post #: 22729457
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Originally posted by jaygatsby ↑

Disclaimer. The following is a general statement. Not on this particular stock. No advice. DYOR Blah Blah and associated noises.

All this tax loss stuff is pure academic and would't even need to be discussed if companies actually made money for their shareholders!!!

"Hello".. There would be no need to declare a tax loss if shareholder wealth was actually created.

However, that's not the biggest game in town in broker land right now.. no sir! We wouldn't need CR's and most brokers at all if companies actually made money! Right now it's actually Wealth destruction that is the biggest game in town and that is rife under the ASX and ASIC's watch, as they both let the financial sector get away with it right under shareholders noses..

How so you ask? Well lets cut to the chase huh?

The corporate, insto and sophs sector and their broker mates love to steal your hard earned capital. SLOWLY.. ever so SLOWLY... How you ask? By slicing and dicing "new" capital raisings amongst all the "dogs of the ASX/DOW" etc. Convincing BOD's and management teams it's better to paper over another failed outfit and keep Camouflaging away, than simply letting them go out of business (right then and there) or handing over and selling out to someone else. Heck.. where is our fee and trading profit doing that?! (Hint. There isn't one!) Their decision making is biased. Because if they were really looking after shareholders interests by selling out, They wouldn't have a job! So on and on they go, issuing more and more stock under the false name of so called "rights" issues or "share purchase"plans which are nothing of the sort unless they are issued 100% exclusive. To YOU. The current shareholder.

A "right" to nothing = nothing. If there are no material earnings? It's just a right to "thin air"
and a dream. And worse. If they also offer it outside... it's NO "right" at all. Got it?!

That means only offering raisings to the original, current exisiting shareholders.
If companies can't fund their operations this way (or fall short) then tough titties.. Management should Go have a quick cry. Then sell the enterprise to someone who can! And delist. Just stop wasting shareholders time and capital diluting and diluting on some endless pipe dream that "things will come good eventually... "

But how many management teams and BOD's do that? Under the careful watch of ASIC and the ASX, they have an incentive to kick that can for ever down the road, for as long as they can.. And Of course the ASX lets them get away with it! Hey that's also better for ASX profits right? More shares on issue = more trading = more ASX turnover. (Hey it even means more "liquidity"! it must be right!) You beauty give em another chance to trot out that magic again!.. So on and on it goes.. Instead of winding up the show, they farm out additional shares and (consequent trading opportunity) to outside insto's, sophs and mates and brokers (who have next to no long term interest in the company) because the ASX Capital raising Rules allow them to do it and get away with it.

What this allows the outside broker crowd to do is sit back take no downside risk on stock, then make a killing on the listing fees - and then allow themselves and their soph clients a quick and easy profit and game stock. It's the biggest rort and game in town.

Everyone makes a killing. Brokers, outsider sops and instos, traders - heck even the ASX. Everyone except the genuine mum and dad investor who actually had the gaul to purchase the stock in the first place and support the actual company with their hard earned capital ! . Well lordy Lordy! Now aint that just fine and dandy and just! Ha go figure! hahaha

They do all this under this condescending guise "well we had to" because it was "good for you".. and "what else could we do"? or "it's necessary medicine" or "we need to build our institutional shareholding" we are doing a "code xxx" (to turn things around") Blah Blah ..etc etc... That is a heap of BS. No this is not "good to shareholders" at all.. Hey. Here's an idea!!! How about Sell the enterprise to someone else ("why don't you")?, who knows what the heck they are doing and stop wasting shareholders time slowly ripping up their money..?

What all this does is simply "print" more shares.. kick the can along the road even further, so they can rinse and repeat and do it all again and again.. and of course more shares on issue with no earnings = a guaranteed FALL in the share price below the raising price.

This is NOT rocket science people. It's simple basic maths.

Then spivs come out and call you an "idiot" for losing money.
They are kinda of right. But for the wrong reasons. You are an idiot for supporting companies like this. But NO you are not an idiot for getting out if it's not working for you. Sell something else to make up the loss. Before that crashes as well.. No Advice. Do what you have to. But it's about asset protection out their people. Nobody "owes" you a guaranteed out performance. Particularly in this current market and particularly given it's rigged against you!

Long story short -
We are ALL idiots for supporting companies like this and letting them get away with it.
NEVER buy or purchase a stock or support a raising that treats shareholders like this, at or ABOVE a recent CR price.
(if you still like the story WAIT. WAIT. You will always get the opportunity to purchase lower.)
NEVER support a BOD that structures their finance operations like this.
THEY SIMPLE DON'T UNDERSTAND WHAT IT'S LIKE TO BE A SHAREHOLDER AND HAVE SKIN IN THE GAME.

So don't give them your money!
Small shareholders need to wake up and just zip up their wallets.

Until the ASX and ASIC do something about making the market fair and equitable -To shareholders.

And *wrong* *WRONG* WRONG ASIC and the ASX. Someone who doesn't own stock already is NOT a shareholder. You are not a "shareholder" unless you OWN THE STOCK

Wise up people. It' s a shark pit out there

Stop feeding em your money. Because yes, they will keep taking it from you - if you hand it over willy nilly. And without the slightest help or financial recourse from ASIC and the ASX later on to back you up?? Guess what folks! Surprise Surprise... YOU WILL LOSE IT.

And you WILL then get your opportunity to declare a tax loss. Mark my words.

So what do you chose? Which is better??? for YOUR cash flow as a shareholder? LOL.

(Hint. It's not a difficult question?)

A tax loss? Or no loss?... (by not being involved at all)?

Expand

Well said and I don't know why it did not get many likes looks like many rather fall in love with companies then to look into reality because advices like these will make you a better investor.

AHZ Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held
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