This forum, this confirmation that I am not alone, gives me great comfort.
I am a 72 year old man, no longer working, and with a wife who has some serious health issues. I once had 500,000 shares in Flinders. As the price continued to fall from 30 cents to rock bottom, I continued to buy, averaging down my price, in the hope of one day deriving a moderate retirement income from dividends. I was duped into selling my shares back to the company when the price was (from memory) 0.008 because I believed what I read from the directors. So I got back $4,000 for an investment built up over a period of time at a cost of more than $50,000.
Less than 12 months after selling at 0.008 - AT THE RECOMMENDATION OF THE COMPANY - the price had risen by a factor of 10 to 0.08. My 500,000 shares would then have been worth $40,000. If I had waited and sold them then, my loss would have been only about $10,000 - but they were already gone! The company paid me $4,000 for shares which then rose to $40,000 in value - IN LESS THAN 12 MONTHS! I believe I was lied to. I surrendered my interest in the company because I TRUSTED what I was told by whoever was controlling the company at that time; because I BELIEVED they were acting in my interest.
Earlier this year the price rose briefly to 11.5 cents. At that price I could have recovered the significant portion of my life savings that I had invested, and even made a small profit - but, along with the money, the shares were gone.
I retained only a very small parcel - which since the announcement of the de-listing is now a "non-marketable parcel". Do I trust them a second time? Or, having already lost almost everything, do I go for the ride and remain a thorn in their side, just to see what happens, because I have so little left to lose?
Comment, anyone?
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $149.8M |
Open | High | Low | Value | Volume |
75.0¢ | 76.0¢ | 75.0¢ | $7.462K | 9.894K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7035 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.0¢ | 12268 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7035 | 0.740 |
1 | 1309 | 0.700 |
2 | 65000 | 0.530 |
1 | 30000 | 0.510 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 12268 | 1 |
0.800 | 9022 | 1 |
0.810 | 2521 | 1 |
0.815 | 1358 | 1 |
0.870 | 1323 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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