Just to add-I have read all the previous posts here and yes there are many holders here that have bought extraordinary amounts of shares !
Some have bought many many hundreds of thousands of dollars worth, one poster (yolo1111) last week" stated and i quote "I bought $300k worth and sold them 2 days ago for $57k. I've taken the loss"This is insanity imho !
It is clear to me there are many that have bought extremely heavy at very high prices, and are down hundreds of thousands of dollars, but it is always important to get a perspective, If you look at the situation here it is from a 6 month period -
MAN had $4M in the bank and all the talk here was about CHN Julimar major discovery and MAN the next CHN !
The price rose strongly on that talk and following demand !
Management took advantage of the high price to raise good money for MAN holders ! This is a fact !
But given drilling rig demand is extremely high, things slowed a little, but if you put it in perspective, what is a few months, when we could easily be sitting on a CHN Julimar style discovery !
In short management have brought MAN cash from $4M to $20M with very very small dilution (brilliant).
Now the next chapter starts !
Its all about perspective, if one buys high in all the hype, they must remain quite through the down period AS THE FUNDS WHO PARTICIPATED IN THE RAISING AT 20cents HAVE !
I wonder why, is it because they have a longer term view then the people here who want instant returns.
I remember SIR clearly, people crying cos their 15 cent shares went back to 5 cents !- but then boom $5.00, and many sold at losses because they could bot see the forest from the trees !
Perspective people, perspective, Rome was not built in a day !
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