APG 0.00% 0.2¢ austpac resources nl

APG - AGM ??, page-5

  1. 1,243 Posts.
    That Chairman's address basically says to me "we'll be selling out ASAP". Looks like they've finally realised they know how to create an idea but no idea how to market it or make money from it !

    I'm still sitting on a loss but have been selling here and there for the last 2 years as it drops to avoid a total loss !

    The ironic thing now is that if they managed to find someone gullible enough to buy in, they could issue enough stock to give the new entity 25-50%, dilute the buggery out of the current shares, and the price would rise (as long as it was someone like Gwalia etc)

    I guess the other possibility would be a sellout/merger with Bemax or similar.

    Personally, I'm no longer expecting anything from this stock and won't be suprised if I log on one day to see "APG in Liquidation" Sad, but likely !!

    Just glad I don't hold as many as Earnie and friends do/did!! ;-)

    Whatever happened to them all ?!?!?!?!

    Would be very interested in the Chief Exec's speech from the meeting if anyone can provide it, or at least the highlights !

    Cheers all
    Pommie

    Nothing comes to those who wait !
 
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Currently unlisted public company.

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