Gotta say, you played this one well @vafooli.
I read back through your posts on BIG leading up to this and you exercised good judgement of the situation to protect your capital.
Great that you're not holding through the suspension and can place your funds elsewhere while you watch from the sidelines. You're a genuine guy and for you, you've done the right thing based on your individual assessment of the situation and investment strategy.
Obviously someone has to hold because to sell others need to buy.
It's of comfort to me to know that the entire compliment of BIG shares are held not only buy mums and dads and those of us that appear on here but buy many sophs who have held right throughout this debarkle.
IMO there is no doubt BIG will trade again.
The biggest issue for most of the "kick you while you're down crew" is that of RE's past. I've researched him as best I can and it is unlikely that there are two (2) Richard Simon Evertz's living in Melbourne (in or around the Brunswick area) in 1994. What was going on for him at the time I have no idea..... but here we are 24 years later!
I believe that BIG management are well aware of market sentiment at the moment and are working hard to push the business forward as well as deal with the present fallout.
IMO we will soon see more appointments and changes to the board in both executive and non-executive rolls.
If you are IN (as I am) you need to be realistic about how this will go when it trades again but you have to remain positive which is a bit different than having your head in the sand.
Fortunately, most know and accept the risks that go along with this type of investment.
I'm most sorry for the mums and dads and anyone who feels devestated buy what has occured.
I cant change where we are atm or Fixit but I feel it important to say that in the history of the ASX there have been many shareholders who've watched the value of their shares fall away due to market sentiment around indiscretions of disclosure and other things.
A lot of people who sold NCM a few years back would have done well to hold on. More recently BAL.
Shock horror I even reckon MUS will come back!
All my opinion.
GLTAH
BIG Price at posting:
$2.22 Sentiment: Hold Disclosure: Held
