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13/04/22
11:25
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Originally posted by Eqz:
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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.