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30/12/15
19:39
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Originally posted by chazwazla
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its been a very smokey year indeed. lets hit the highlights.
Remember this gem - (9/3/2015) CMY Director Dr. James Ellingford commented: “CMY’s investment provides a tremendous opportunity for all shareholders to capitalise on the growth potential of BCC."
Well, we got multiple announcements for acquisitions and multiple failed acquisitions and a failed RTO, but not before a whole lot of suckers jumped onboard. we got to a MM high of around 8c (post-consol equivalent) just after the RTO acquisition announcement, a only a mere month after a $2.15 mil placement @ 4c equiv for our mystery holder.
Rather quickly it all went a bit wrong, and the board got the boot, but not before large quantities of unknown holders bailed and SP plummeted. we never did get around to finding out who sold that massive parcel. guess it evaporated just before SP dived.
New management came in to clean up the mess, and SP came in higher than the placement price of 0.5c. It was starting to look good, then we got dumped again by another mystery holder. SP dived and to top it off we then got diluted by 50% at a significant discount to market price. try as they might SP went from 2c down to it current smokey price of 0.6c
this dog has been burnt alive twice, and still smoking.
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Why are you still here? Ever heard of stop/losses. My platform has a sell button as well.
Cut your losses and run. If things are so bad take the loss and invest elsewhere.