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28/04/22
14:04
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Originally posted by MoneyDan:
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Yep it is. Ive been a strong supporter of this company for ages, been invested in it even prior to the sudden rise and subsequent fall, haven't sold a single share. I wont lie though, enduring the declining share price has been extremely difficult. I like the way the business direction is headed, and I like the way management are exposing themselves to two sides of the lending market, both restructuring and lending. I actually don't mind that insiders sold so much during the rise, the business was clearly overvalued with anything past 4c per share, so insiders were just opportunistic, I don't see that as a bad action, many of us would have done the same in their shoes. The only thing I think management can do better is controlling the share price through buybacks and on market purchases. It's a win win situation for shareholders and management, and I cant quite think of a reason why they haven't done it yet. Who knows, maybe they will soon. Jimmy, if you're reading this, keep up the good work, however please seriously consider helping shareholders out. It will benefit the companies reputation greatly. *Not financial advice, do your own research.
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Agree a buy back at these silly low prices would be very beneficial to restore some confidence. Otherwise we will just have to wait for company performance.