Oilking I too am an eternal optimist but at the same time I am a realist:
1. Nido through misleading its shareholders has resulted in people losing the faith - regrettably these people have been severely burnt and will no longer return to invest in Nido;
2. The delay in reporting news to shareholders is such that this company can not be trusted;
3. I would also suggest that some of the company announcements may border on misleading and deceptive conduct ... how does the good news turn bad so quickly ... is this to facilitate a pump and dump?
I am very disappointed with Nido and can honestly say that I will not return to this stock when there are so many other companies that offer exceptional value for money than Nido ... there are so many other companies with superior management to Nido.
Sorry, but I have placed Nido in the "lemon" category.
With $22 million due in september inevitably there will be pump and dump trading opportunites but given I am a value investor rather than a day trader, this one is no longer for me.
Good luck holders! I hope I am proven wrong.
Oilking I too am an eternal optimist but at the same time I am a...
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