Long shot, page-9

  1. 2,156 Posts.
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    There is a high chance that the trading is being propped up to get a VWAP as close to 0.2c as possible, so that they can do a CR at 0.1c.

    I also feel that most people that hold it now, can't be bothered selling as their loss would be so large, and the amount they receive for selling so small, how is it worth the effort...

    When I have been in these situations, my thought process was along the lines of;
    If I stay holding this, I might hit a miracle, and it might triple overnight... meaning i only lost 60% of my investment.
    But at the same time, this could go into Administration, or delist, and then I am left with bucketloads of effort, just to recoup 1/100th of my investment.

    Am I better selling this, getting $2k for my original $20k investment, and then buying $2k worth of scratchies - basically asking for the same type of miracle, but atleast with a scratchie it is regulated better than the ASX.
    Or maybe Powerball...

    Anyways, I sold out at a loss, and put the money elsewhere, nearly back to even, so pretty happy with that.
    Play the lotto regularly, never won, but still have more confidence in it than this stock.

    Not investment advice.
    And best of luck for all!
 
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