Hello Pie 1What a nice person you are and what a wonderful...

  1. 1,308 Posts.
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    Hello Pie 1

    What a nice person you are and what a wonderful sentiment.

    I don't have to sell any cqu (or any shares for that matter) as I put 2 years living money on one side in cash just in case an event like the currenbt situation were to happen.

    I did a crossing to my supperannuation fund at 4 cents and ended up with more shares than I crossed, which makes them a great buy. Including these I have just over a million shares now and would sell aroung the 19 cent level. Purely because my average buy price was around 17 cents and I want the equivalent of the 2 cent dividend, which is why I bought the stock in the first place. So far I have not sold any shares to a third party, but have accumulated.

    I suspect that the Directors did us all a favour by electing not to pay the dividend. I'm not sure what I would have done in their position; probably would have paid it as I come from a background of always doing what I say I will do, irrespective of personal cost. But the Directors can't indulge themselves in personal whims as its not their money.

    I like the aggressive nature of the company and its focus. I don't doubt, in the long run, the stock will rise significantly in share price. If the stock falls to 2 cents then I will buy more.

    Of course none of this is investment advice
 
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