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unorthodox

167 Posts.

162

09/10/20

02:08

Post #: 47960602
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Originally posted by unorthodox: ↑

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?

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Apologies, that's 100,000 shares @ $0.005/share = $500.

Sorry, I'm not used to writing two zeros between the decimal point and the significant digit.

EN1 Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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