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21/11/22
17:16
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Originally posted by MrLongShorts:
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Basically it's market cap is at 7m. currently! when this consolidation happens this will tank to .03c = 4.5m MC. The question current SH's should be asking themselves is; When this consolidates there will be no great fluctuations in price because of the low shares at issue! Management will then issue more for a capital raise, plus performance shares for themselves to increase thier holdings at the cost of shareholders. It's going to be a bloody long time till you see any return. basically this stock is rubbish along with management! IMO I believe this will end up delisting and being sold privately to existing executives and directors, and maybe a couple of years be back for an IPO. To add a laugh, Deanyboy, back as CEO! - Long shot, I think his career is over for asx companies but maybe he might be a client - That owns a bottle shop and buys from KADDY. Good luck all, personally if you have some shares sell 'em and by yourself a bottle 21years scotch, and open it when this stock goes under!
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I overlooked my gut feeling about Dean and the spruiking of his past experience. Why move from project to project etc. V expensive learning. A more experienced investor commented " the trick is knowing when to sell" when I was caught up in the early covid times excitement.