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johnto20

37 Posts.

6

09/10/20

02:17

Post #: 47960627
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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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Be interesting to do an analysis comparing this, Eden Innovations, Slaters and Admedus.

EN1 Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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