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Ann: Letter to Shareholders regarding General Meeting, page-9

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linc1025

358 Posts.

83

18/03/21

19:29

Post #: 51877365
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Originally posted by Toddyman: ↑

The hard thing is many long term holders who experienced growth from $0.40 in the last year have probably been watching the share price erosion from the SPP $1.30 thinking that if I sell now I will pay higher CGT. Those holder in the same boat are saying no I will wait it out, then next month another 5% gone, then the next another 10% then another. Its got to the stage where we all would have been better off giving the money to the tax department other than giving poor management the opportunity to waste our money in a time when this industry will be first in best dressed. Looks like we are getting dressed at Big W ATM. As soon as we dip below $0.90 it will be a procession of stop loss triggers where the speculative will jump in with the same faith we had but with now news regarding MC & Visa and we will be gone.

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you have hit the nail on the head!

SPT Price at posting: 93.0¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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