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23/11/17
23:30
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Originally posted by M0ntg0mery
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No WW. Between 2 people there are 3 sides to every story. Your, theirs, and the truth.
Spartan in this case is simply representing the truth (not his story). Truth is:
* Companies before BLK could not produce a profit
* BLK has not produced a profit in 2017
* BLK has shown no evidence of being able to produce a profit in future
* BLK announced a trading halt on 6 Nov
* BLK announced voluntary suspension on 8 Nov
* BLK announced extension to voluntary suspension on 13 Nov
* BLK announced extension to voluntary suspension on 20 Nov
* BLK face significant debt repayments very soon
* BLK do not currently have finance to service these debt repayments
No story here mate - just the horrible and inconvenient facts.
DYOR - GLTA
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I have learnt huge lesson from BLK and now only buying companies that have past records of making profits.
Focus on the positive , this experience has stopped me for losing money and I am seeing positive return by investing in well established companies.