https://foragerfunds.com/news/dick-smith-is-the-greatest-private-equity-heist-of-all-time/you didnt work all that out.
steve johnson from forager funds did. Their article made them famous.
not everyone has researched the whole history of a company when they invest. In the case of my dad, he was watching Dick Smith announcements closely seeing their price was crashing, and when they announced a $40m profit guidance and the price kept crashing he knew the risks but couldnt resist buying a well known retail stock which at that point in time, going off a $40m guidance, had a PE of three.
normally he was a meticulous researcher but entry points were important to him and cheap entry points sometimes close and reverse in minutes not hours or days so he took the punt and bought heavily and here he is as the main individual shareholder who lost money
https://www.abc.net.au/news/2017-06-20/dick-smith-shareholders-seek-compensation-in-class-action/8613352your time would be better served like me, trying to fix the system which allows widespread accounting fraud and director dishonesty to perpetuate. Where is ASIC when directors lie like that, they just tell you to do a class action. In the end the judge knocked back all attempts of private litigation against dick smith directora and made every holder join the outrageous class action which I made a video of
https://youtu.be/ksW4JgsAyYo?si=kdTwN8XollH7LDRsi dont tell you these losses so you can be like that other baiter and criticize me and my dads investment decisions. I mention so you understand why ive had enough , actually a long time ago, and im not interested in being a part of a system which rewards the wrong people like brokers and makes it hard for retail
no I havent tried to sell a commodity I already said, and I even said dont get me wrong I know its probably difficult.
how about a question for you. Guess what price we'd be if instead of giving a placement to veritas and friends at a discount at 24c, the red metal directors instead started exercising their 25c options? The price held over 30c for almost the entire month of april.
(20min delay)