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Ann: Acquisition of LIFX and Share Placement, page-313

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nobaggage

558 Posts.

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24/02/19

20:09

Post #: 37548585
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Originally posted by mnb ↑

Originally posted by timbobo
amazing in such a short time with so many of you seems DM has gone from genius ( when the SP was up) to something completely opposite.....and this change has coincided with the movement down in the SP....but what has changed ? the product is still the same plus they now have a new product in LIFX....in reality all that has changed is that many of you are sitting on paper losses and you don't like it ...so instead of owning responsibility for your own actions ( i.e. investing in BUD) you convince yourselves that someone else must to be to blame ...one sees this everywhere now ...an inability to take responsibility for ones own actions....its always someone else's fault.....

Simply put "one cannot protect people from their own stupidity or greed"..in my view.

When DM was giving his predictions at the beginning people took it as fact ......how can one do that ? ...how could DM possibly know what course the business would take.....

BUD is not a Westpac or a BHP or a CSL....it is a small speculative company trying to sell a technology it has invented into a market that is still in its infancy.....

Come on all you "smart" people sitting on paper losses.....stop whining and take responsibility for your own actions.
Spot on Tim...I have been meaning to post those sentiments myself, but for the fact that if I had in my usual blunt manner...I most likely would have been moderated.
On another note:
We had some nob poster a couple of weeks or more ago who said he was down over 40% or something like that and that his average was 12.5c. He was going to wait till the price got back to his break even and then sell. Well...what a hypocrite...he bags the stock, (and DM) yet effectively says it will be going up to 12.5c ....an increase of about 50%!! If he really thought it would not be going up he would have sold...yes? Talk about contradiction!!
Out. See you in a week.

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Sound like a sound decision to me. If you took time to think about it they obviously realize that it will be the same as before and before and before.
New deal will be talked up by DM . Sales projections, market opportunities, market share, pipelines, trials, Bla Bla Bla . Newbies and true believers will swallow it all once again and buy in pushing price up.
Then as is normal successive 4c s arrives and nothing is as it was claimed it was going to be and price plummets again.
Anyone who gets out of Bud at break even is doing ok as far as I am concerned!
Word of advice: Never fall in love with a share. Bet there are many Bud holders who have found that out to their detriment.
And calling posters Nob or other names from the safety of your keyboard just makes you look over emotional and cowardly to be honest.
While I disagree with many on here re the future of Bud I never resort to abuse.
I,m sure you have worthwhile stuff to say so stop letting yourself down.
Happy Investing.

BUD Price at posting: 7.6¢ Sentiment: Sell Disclosure: Held
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