DMC 0.00% 30.0¢ design milk co limited

$2.1m debt due to be re-paid on jan 2, page-24

  1. 10,103 Posts.
    lightbulb Created with Sketch. 656
    Hi Albuera,

    I have been posting on the INT thread for a few years about some of the "issues" INT faced.

    I had some rather interesting discussions with posters such as Kiril (and Melua too when he was a believer). I questioned some of his assumptions and beliefs. I was told about his large stake, him buying more, his meetings with management, upcoming contracts, impending profits etc etc.

    Looking back, I don't think I got a single call wrong. From the fairy $15m revenue projections to the no need for capital. I still think their "profitable" quarter was more accounting magic than anything else.

    I still hope shareholders do well, or at least get their money back. I don't short, and I don't like to see people lose money. I hope a few at least questioned their investment in INT, and were at the least diversified enough not to feel the pain too much.

    If it was me, I'd take the 0.6c on offer and walk away. Some money is better than none. That said, I have been wrong before, and will continue to be wrong in the future. Unfortunately for holder, I haven't been wrong about INT yet.
 
watchlist Created with Sketch. Add DMC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.