with the worthless options expiring ill be officially done with this dog. I put the money i had left from selling the small stake i had into a biotech company and was able to crawl back a bit of the loss, but am still down considerably as is pretty much every investor here.
Its been quite a journey with the biggest thing i learnt being not to invest in pipedreams and shady directors, focus on business's with actual sales and an actual product or service. Looking back this was the true definition of a speccy play 1 in a million chance. I feel for those who got suckered into considerable stakes on this company, as it wasnt ever worth more than 1% of a well managed portfolio at the most, and it pains me to know some people invested tens of thousands int6o Gernots bank account. Mogul is the true definition of a lifestyle company, with upper management enjoying the hard earned cash of shareholders for years now with not only no advancement in the business but actual regression. I don't feel regret as this was the stock that truly defined my tuition into the stock market, and was an investment decision made by an ignorant new investor that needed to learn the crooked ways of the market.
Best of luck to those still involved and even more luck to those who still think its wise to buy shares at this level, i believe you will need it. To those on the fence still, my opinion is the 0.2c is still worth alot more than 0.0c when this company is shut down, being down 70% is alot better than being down 100%. Maybe if the macro environment was thriving this dog would have a chance but with the world markets in recession, i believe investors will not be too eager to get involved with speculative gaming stocks and will opt for recession proof industries. Add in the fact that pretty much everyone here and everyone holding this company is looking for the first bit of life to get out, the downward pressure on this company is unlike anything that exists on the ASX. It will truly be a miracle if this stock sees a single cent value again
- Forums
- ASX - By Stock
- LU7
- GERNOT
GERNOT, page-81
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LU7 (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.8¢ |
Change
-0.001(2.78%) |
Mkt cap ! $10.39M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $22.29K | 1.311M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 119227 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 77000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 119227 | 0.017 |
2 | 3112500 | 0.016 |
5 | 809223 | 0.015 |
7 | 1665285 | 0.014 |
6 | 1542307 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 77000 | 3 |
0.019 | 478996 | 3 |
0.020 | 786681 | 7 |
0.021 | 1300090 | 7 |
0.022 | 3184545 | 3 |
Last trade - 14.51pm 21/10/2024 (20 minute delay) ? |
Featured News
LU7 (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online