""(So, "new" management has already lost 10% of our money. Paying 6c for something that now trades at 5.4c. )""
And don't forget the Brokers fees which will have to be paid too.
But that's Management for you.
And like you've said, the moment they will decide to give us all what's left of the money back to us, they will all loose their job.
But don't forget that, if and when they will decide to wind the company down and distribute the funds to all the investors, (which I will not be able to see it happening in the near future), the first money that will have to come out first and foremost, is the one which will be needed for paying out all of their entitlements. Then, after the liquidator will get their astronomical fees out as well, what's left will be distributed to the poor mums and dads.
And any side of Government doesn't want to do anything about it. But guess where most of the Pollies end up once they finish their Political careers.....Mmmmhhh.
But that's part of life and part of playing in the sharemarket.
MEL Price at posting:
5.4¢ Sentiment: None Disclosure: Held
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