MES mesbon china nylon limited
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a 60% gamble

  1. asteroider
    19,557 Posts.
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    22/07/09
    09:05
    Post #: 5415428
    I am pretty embarrassed about this, but I bought some of these on the closing dump yesterday.

    Not a safe trade due to the very high risk of complete loss, and this might happen imminently due to a current attempt to refinance some debt. Around $40m notes are due and it has a B/S CA deficit.

    I think upside is around 60-150% and downside is 100%! Pure gambling on my part. Timeframe is probably a couple of weeks for me, or a few years if it goes into admin.

    Eyes wide open.

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    MES Price at posting: 6.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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