Still can't believe you can buy shares for half a cent at the moment. Imagine checking back in this stock after paying 25 cents per share 3.5 years ago.
Initial investment: 100,000 shares @ $0.25/share = $25,000. That's almost a house deposit...
Check back 3.5 years later...
100,000 shares @ $0.05/share = $500.
That is not an arithmetical error - your $25,000 investment in this company would have turned into a $500 investment. Coupled with that, your shareholding would have been diluted significantly (over 2 billion shares at the moment).
$25000 to $500, in 3.5 years, that's a 98% loss. Perhaps the worst preforming stock on the ASX?
