Well at least you're reliable- you will answer back even if you don't address the issue which in this case was about the porkies you keep on telling.
You have demonstrated that you are aware of this company's history from way back and yet to fail to comprehend the recent announcements.
Why?
Because they don't fit your narrative.
"NO 'tech' company in ASX history that has been reverse listed or spun off a small miner has ever made a profit"
Even if this contention is correct, and Asculpeous has his doubts, from a simple logic perspective, it doesn't mean that no such company in the future will- that would be a stupid conclusion to draw. We can say however that it is unlikely. For you it's all black or white, there's no grey zone. This is a cognitive problem known as "Formatory Thinking".Suspect in your case it is domain specific because of past losses that you find difficult to accept.
It is entirely possible that one day a company will succeed, and that's where The Lindy effect comes in which has been mentioned before but you fail to comprehend. One should look very closely at a company that has been around for such a long time when they start scoring runs.
Another misapprehension you have is that to make money for a trader, a company has to make profits. The Amazon case is just one example that defies your logic.It lost for many years while the SP appreciated. Someone called it "The River of no returns"
While we the holders wish EDE to be successful, wishing and hoping is not a reliable plan. Those of us who make money at this end of the market (you seem to have been a BIGTIME loser) often use volatility to garner big profits. Sometimes it delivers smaller losses as even blue chips can do.
You think that you are a great authority and know it all. No need to change. Pork with crackling is quite nice.
Best however is to stop telling porkies and realize that you're not as smart as you think.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.216M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $26 | 13.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
66 | 202885417 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 28678505 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 201886417 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 28678505 | 28 |
0.003 | 45271223 | 22 |
0.004 | 5941034 | 7 |
0.005 | 4631540 | 3 |
0.006 | 1876383 | 1 |
Last trade - 10.02am 06/09/2024 (20 minute delay) ? |
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