QMN queensland mining corporation limited

Given yet another all time low has just been made below is re...

  1. 46,902 Posts.
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    Given yet another all time low has just been made below is re hash of the modded post without personal reference.

    QMN management couldn't borrow the money from a bank so they did an IPO and presented a business plan to shareholders to fund QMN .

    These shareholders in good faith stumped up cold hard cash to be part of the QMN management dream - What have they done for them ? presided over a 90% decline in their investment and diluted their holding in the company by a series of placements and mates rates deals at ever decreasing prices.

    Traders and investors that have bought shares on market like I did before I sold out at a small loss haven't helped the company - Its the shareholders who stumped up in the IPO or SPP funding or oppie conversion that help the company like our new Chinese saviour's who have picked over the decaying carcass hoping there is still a feed left on the bone for them.

    Hoot
 
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