I hope it does buddy good luck :D:D

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fffoyzer

1,640 Posts.

21/02/17

15:53

Post #: 22784384
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Originally posted by Teringie ↑

I sure did...for several reasons

1. No up to date disclosure of the current cash value
2. No clear direction of the business
3. Very hard to find out the intent of the new CEO....originally wanted to use it as a shell company to list another business on the ASX... what are his interests now? Seems to be a bit of a plaything at the moment
4. Too many uncertainties... i sold MBE @ 12-13c at a small 3% loss with the same gut feeling...the next week it hit 6c.....
5. It would make sense for the new CEO to get all the skeletons out of the closet in the next report...could be bad?
6. The SP movement suggests that the news will not be great...no serious buying before the HY

To summarize i cant make an educated decision with the available information and thus i must sell. All the above is just gut feel and speculation on my behalf.

Now i can be a bit of a gambler sometimes but this one is completely blind...the ideal situation if someone had some knowledge of the intent of the company as the rest of the market hasnt got a clue at the moment.

I hope you all make a fortune on this one but ill take my 3% loss and run for the moment...moneys too hard for me to accumulate to risk it on the unknown!

GL lads and ladies

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I hope it does buddy good luck

Last edited by fffoyzer: 21/02/17

1PG Price at posting: 17.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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I hope it does buddy good luck :D:D

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