Fully agree , selling at a lose is really hard to do , I know I...

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lakota6

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14/08/20

10:39

Post #: 46537841
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Originally posted by Gazdix ↑

I was one of those 'dummies' who sold out this morning.

Red flags: 'Cayman Islands', the passive aggression in the paragraph to current shareholders and how we can sell, the private listing in-between (in which we were reminded of our legal options). The promise of not de-listing and then de-listing anyway. The high requirements to list on NASDAQ (minimum SP and MC rates) which I can't see being fulfilled (in other words, how long will it be private for???? ------ This is the main question for me)

The complete mistrust I have in the 'doctor'. The complete disregard to have no explanation to current ASX shareholders how shares will be transferred (privately and then to NASDAQ) in the ANN, but then to 'offer us' free brokerage if we were to sell. Where the F%^& is the ASX in all this to protect SH's rights? It all doesn't smell or feel right.

I have been burnt before by dishonest management in one of my other companies, this was already risky for me as there just seems to be games between the big boys here. Maybe that is why products aren't selling too.

Anyway, good luck to all you brave ones. I really hope the transfer from private to NASDAQ will be seamless.

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Fully agree , selling at a lose is really hard to do , I know I had the same with SGH.
But the weight gets lifted off your shoulders and you move on.

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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