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01/02/24
09:40
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Originally posted by Stonks100:
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Sorry, I didn't mean to burst everyone's bubble with above. I am down 60% since I started investing 3 years ago, so I finally thought this would be one stock that was going to go my way. Trying to read through the prospectus again to see what I missed. I guess this is the fine print: The Company reserves the right to accept a lesser amount to the total number of New Securities applied for by an Eligible Shareholder on the SPP Application Form (including if the SPP closes oversubscribed), at the Company’s complete discretion. Anyway, congrats to you all. Down nearly 70% overall now.
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Wow that's brutal mate. We have all been there, big loses especially early on. I started investing pre GFC and got wiped out. But I regrouped, learnt from my mistakes and came back bigger and better. And you will too. Keep reading, keep learning, and make some high conviction investments and you will be a success. Think of those losses as your tuition fees. Put those aside and look at PEN with fresh eyes. Would you invest at 12.5c? PEN hits 30c and you have your money back. Good luck. DYOR.