SP1 (ASX) Ann: Response to ASX Price Query

Originally posted by jlo2012: ↑

I really don't appreciate the way people are attacking me on here and some of the allegations being made.

How about you all read again what I said the other day.

I became aware there was a report that had been published by Ownership Matters. To my knowledge, the report did not contain anything that was not already available in the public domain to people who had cared to do enough research of their own.

What it did do though, is highlight previous concerns that investors had about ISX from last year and packaged it all up in one document. Given ISX now has a MC of $1bil + and is on the verge of entering the ASX300 there was always going to be greater scrutiny placed on them and more eyes starting to watch. That should be expected.

I formed the view that it was likely that what was contained in the report would be "news" to many people who hadn't bothered researching the background of ISX and that a SP that was already getting extended was prone to collapse. I sold out of my position to PROTECT CAPITAL. I held a large position and of course I will act in my own best interest. As all of you do - act in you own best interests.

I then posted here so others could make their own decisions. I didn't have to do that. I also said that I did not believe the company had done anything wrong and I stand by that. Wrongdoing or otherwise, we are all here to make money and sentiment influences share prices as much or more at times that fundamentals.

It really frustrates me that people are all happy to high five and compliment me for the time and effort I put into researching stocks and posting/sharing with others when the times are good. But as soon as there is an issue that I become aware and choose to sell and tell people this they turn on me. We are all here to make money aren't we? We are all here to make OUR OWN investment decisions based on the time and effort we put in? Maybe if others put more time and effort into their investments they would have identified that the report existed and could have also acted accordingly.

If people just want to log into HotCopper and have others hold their hand along the way, then they need to take the good with the bad of that.

Again, as I stated the other day, I still see ISX as an exciting and rapidly growing company. I may take up a position again in the future. For now I will wait for the dust to settle. We know how the AFR generate revenue. They love to drip feed click bait news articles over days/weeks. I will wait to see if there is any further fallout and make a decision about whether to re-enter the stock then.

For the record I have never held a short position in ISX.

Expand

Jlo, well played. You did absolutely nothing wrong. A beautifully executed trade. You’re good.
Looking forward to you coming back in the future so we can benefit from your analysis.
All the Best.

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Ann: Response to ASX Price Query, page-263

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Ann: Response to ASX Price Query, page-263

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