FAR 1.02% 48.5¢ far limited

PE will take one year and it will cost $1m.This was emailed to...

  1. 4,719 Posts.
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    PE will take one year and it will cost $1m.
    This was emailed to me. I remember wondering at the time when the one year clock started ticking though.

    55% COS (later rounded off to 50%) at SAMO

    FAR = Fools And Rogues

    But, spleen venting aside, the damage is done. How best for holders to mitigate their losses?
    Hold and hope for a modest uptick (Corporate activity?) or salvage @ 1.5c and try elsewhere?
    I've opted for the latter (I bailed at 1.4c)

    The AGM should be a spirited affair. I shall be throwing fruit and veg at the TV screen.
    I have no doubt that they will be totally unrepentant and will blame everything on CV.
    Will the top 3 vote No to all three resolutions? That will be very telling.
    How will they mitigate their losses? I think that FJ is in the same boat as retail holders. Not so sure about M or AJ.

    Good luck to you all.

 
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