QIN (ASX) Ann: Extension of Voluntary Suspension

Originally posted by aniesbaswedan ↑

For someone who doesn't hold a stake in QIN you sure is fighting hard to defend it. Companies like dominoes, RFG, Isentia, select harvest, etc have fundamental value and legitimate business with tested model. Select harvest, for example, grow almonds...almonds, not sandalwood, almonds. Dominoes sell pizza that I just had a whole pan of minutes ago, RFG largely sells coffee that I regularly buy on my lunch break and pay growing dividends, etc and most of those businesses tend to grow organically with that being one of the intrinsic qualities of businesses that sell food or food stuff. QIN has none of those fundamentals as a business, so much so that one short attempt destroyed the value of the business from peak to trading halt within a week. The director had no idea that a contract relating to the company's alleged major buyer had been terminated for more than a year and when the information eventually became known to the shareholders the director resigned the day after. Look if you think QIN is great then you should buy their shares and you might turn out to be correct regarding its potential but in my view, a company like QIN and anything akin to it is something that everyone should avoid at all cost. I saw someone got burned and I won't let myself or at oeast try to avoid undergoing the same.

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Hindsight can make anyone a genius, yet posting ill-informed information on a public forum does the opposite. Trying to rub peoples noses in it, serves absolutely no purpose, other than painting a picture of the poster themself.

You harp on about learning etc. etc. but you are conveniently showing a confirmation bias in the companies you hold. I was a holder in RFG, but recent developments have warned me to sell. If you're truly using QIN as your learning curve, then take heed, what does a decreasing SP with an increase in shorts typically indicate? How about you check your other market darlings? Reduced earnings? Discretionary spending levels?

Perhaps you need to stick with SHV? Seems to attract nutty investors.