Ann: Half Year Accounts, page-88

  1. 4,487 Posts.
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    bit sleepy there. At this end of town you are banking on things happening like finance, infrastructure etc. issue I have is with these stocks that have a great believable story but never get traction. Nothing ever happens. At the 11hr plans change and everything is always just out of reach. The story is believable enough so that people keep throwing money at it in hope they hit the jackpot. There’s no accountability though. These plans fall through and they make excuses and try the next story all the while these bods live great lives off your hard earned. Sure they do a few vids (off which they pay for), attend some trade shows and keep the company visible keep the story believable but the details lie directly in the shares issued, the way they survive of share holder funds, they might do a little business here or there come up with some future offtakes that only mean something when xyz happens.. the news keeps ticking along like it’s all on course but the ones who should be interested in the greenest best stock.. ie Australian government aren’t interested.. this could be any penny stock it’s just so rare that anything ever happens where the stock goes nuts.. you can have bods with great careers fronting these small cap stocks with what is seemingly huge potential.. yet really they have discovered the art of tax effective business management without ever really having a functioning business. There’s some exceptions and who know maybe this.. personally I’d like to see listed companies accountable where they have to achieve something within a timeframe or get booted of the exchanges.. the worst is seeing these companies change the story issue shares consolidate only to see the sp drop back to where it was over time and then rinse and repeat.
 
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