I was considering buying into this company but Some of the commentary i have read from finance specialist's and today's article on OZL in the AFR is fairly grim reading. It flies in the face of a lot of posters on this forum, some of whom seem to be self appointed Gurus. I am afraid i am not willing to risk one red cent on this stock and i am glad i am not trapped in it by the current suspension. There is a good chance of a major rush for the exit when it re lists, i may be wrong but i think the odds are in my favour.
I am sure this post will inspire a flurry of negative comments and slagging but i am afraid it is an alternate view to some of those very rosy post's about what seems to me to be a very ugly situation.
I think it is irresponsible to encourage people to think that all is well, or that a suspension from trading is a good position to be in because it insulates an investor from volatile trading.
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held