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25/08/21
17:12
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Originally posted by Teddyward:
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Why they have full management control and can use shareholders $ as they please IMO. Why take out teh bunnys that are allowing you to keep such a small company listed and compliant. They can gradually creep on teh register if they have spare cash but ultimately can just dillute other holders away if they think they are on a winner by doing placements to themselves. Any holder buying must understand they are a minority holder and basically have little to no leverage on way company is run or any form of return IMO. So you think you can ride on these gusy coat-tails? Have a look at their other companies and see how they have gone??? Always have a exit plan as I can assure you other have and sometimes their plan is to just fatigue you out of your $. CLB as others have alluded to is not a comparison to this bisuness in any way. Not saying that holders may not make soem money if there is a flurry bt you have to go in with your eyes open and be aware of other timeframes out of your control. Question - Why is it so cheap - well peopel think it is . Why is it trading at a percieevd discount? Peopel say it hasn't been discovered , traders say it is ripe for a pump but reality is single product retail is tough and buying into a company as a minority holder won't create price tension as no one wants to participate. Other one is if company will ever pay out any possible furute profits- why would management want to do that as tehy could increase internal fees to their other service companies etc and they get $ but shareholders don't. All just IMO but always beware of companieds owned by predators who have total control and as far as I can see no history of shareholders getting returns ..
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Way off the mark with everything.