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dumb money, page-73

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BBettancourt

98 Posts.

07/09/16

12:36

Post #: 18990726
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Originally posted by BBettancourt ↑

I'm part of the dumb money buying at 11-12.5c. When this stock floated I howled with laughter at how ridiculous the business model was relative to the market capitalisation.
The smart guys pranced around and pontificated about all the positive merits whilst I suffered the scorn.
Anyways I've held off until here because there is now the beginning of the new game ;
- new CEO storms in and writes everything he can off for a massive accounting loss
- Management does slightly better in year 2017 and everything above massive write down is booked as a 'genius profit'
- all sorts of praise is thrown round and management and consultants get lots of cash and shares
- eventual opportunistic takeover bid comes in at 22c
- new owners make it work and make circa $50M
The conclusion - be dumb and buy shares here and watch the circus but at least make a 100% profit.
Its a rort but at least you're in it.
Dummies raise your heads high !

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I'm out today at 20.5/21c
Still think will go higher but only with shenanigans.
Bye for now and good luck to all

SRF Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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