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Ann: Appointment of Receivers and Managers, page-18

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estoril

318 Posts.

40

13/04/22

11:25

Post #: 60826949
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Originally posted by Eqz: ↑

Wow.. well for what it's worth it's a lesson for many. Everyone needs to have a few of these under their belt to pick up the red flags for the future.

Sky and Space Global was one that I had to experience and it really opened my eyes to the nature of speculative investing, and more so to never trusting what a CEO says until it's dollars in the receipts line. Some may also remember the dodgy practises of BIG Media group.

Building a business, scaling it and turning a profit is not as easy as many think - inexperienced CEO's are always a warning, tread carefully - never invest more than your'e willing to loose at this end of the market.

delisted dot com dot au has been a useful service for me in the past to sell frozen shares and receive a tax loss. Check them out if you get stuck with your shares.

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Lesson is don't invest in these type of Comapnies.
Only trade them to accummulate free shares.
Always remove your own money as soon as possible.
Its called risk management.

BUD Price at posting: 0.6¢ Sentiment: Sell Disclosure: Held
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