Thanks for your concern Oztrader but I am fine, really and I explain:
a)I'm not trapped. My losses are not that ($100K! really you know more about my finances than I myself) high and I will be ahead soon
b)I've seen the Big Short (Netflicks for those who have not seen it yet..I recommend it), SMA has got nothing to do with sub-prime loans and the US property market...please don't compare apples with rotting cabbages
c) This is a real business with massive potential and deals other companies would kill to obtain
d) If you and other sceptics want to compare Crown with SMA you are wrong again : IMHO from what little media we get Crown is working against the Chinese, SMA is working with the Chinese
e)If you have been in business you would know MARGINS are everything. I will explain: Apps margins may be 5%...Food and wine may be (exaggerated) 20% so with the same turnover of say a $1Mil Apps will have a gross profit of $50,000 while Food and wine $200,000...4 times more...What I am saying is the future the management are taking us is CORRECT...you are relying on unsubstantiated rumor...I admit "there are known unknowns" so
I rest my case, I will not loose this bet and I am not selling my 4 mill odd shares. I will trust the management..Of course the share market is a gamble and we are all gamblers..I am a calculated gambler...GLTA
SMA Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
