I'll probably get shot down for this, boo hoo
It seems to me that companies can get away with certain vague public comments about financials without going too far, like....the revenue from Japan will be higher than previously thought ???
(sorry I don't have time to quote the exact text) but it was said I believe at the AGM.
The problem now is: the retail market (us) desperately needs something from the company that might normally stabilize or improve the sp. How far away might such a thing be?....could it be tomorrow?...or next week. It has been stated here that the company cannot invent news (I get that).
Retail holders many with families, having MSB devastated portfolio values will be in a very ugly situation if they sell now - and some company news relief comes a week later and lifts the sp back to $2.30 - $3.00! When it is too late. I wouldn't like to have this on my conscience when the root problem all along was poor communication - or sentiment error to blame - taking a long time to hit the market, as happened with Sirtex when the "bad" news was not all that bad when analysed properly, and the company recovered from $1.80 to $3.00 in hardly any time.
Just call it normal investor risk if you are a specially cruel person. But I'm not.
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Price($) | Vol. | No. |
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