Thanks mj for these kind words. Yes, this was a massive blow but I have been soldiering on for the kids. It is not their fault this happened and their love is unconditional. Money is the least of their worry. However, it is a big worry for me and I messed up believing that ASIC, ASX , the government, etc protected SHs through a legal framework. I have learned that this is not the case the hard way.
When I first invested in POS some 10 years ago, I did not even know of the existence of Peter Harold. I invested in POS because a certain Andrew Forrest was a SH. At the time, the SP was around 14c. Over the years, I averaged down to give myself the chance of recouping my money at the very least. Fortunately, this was not borrowed money per se, even though I took money out of my mortgage to invest.
As to why I had so much faith and trust in Peter Harold, just look at his CV. Watch his interviews and read his announcements.
It all turned out to be a fiasco.
Sorry to hear that you are also losing money on this. Hopefully, you make up for this loss quickly .
POS Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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