engin is an admirable company, page-8

to planner

I sold eng out at a profit
but much less than I had made on paper
because I stopped listening to the bull**it releases by the company
and read the financial information

what pisses me off is.....


1. The statements made by the company are always glowing and not realistic. The expectations of future profitability are wrongly portrayed. This is really a borderline case for ASIC

2. Speaking to that finance director, can't remember his name, the same CR$P comes out of his mouth.

3. The directors give themselves large increases in pay despite no profits or sign of profits.


It is like saying to the public.... come and give us your money, so we can spin bull##it to you and pay ourselves heaps (of your money) for doing so.

It certainly caught C7.

Anyhow, now that the 20c support level is broken
I can see a price of 8c coming up


ij

ps: dear greencard

we all went through what you are going through now, ie believing the crap

in any case.... my thoughts are the downside risk is too great, vs the upside risk. then again at 3 - 4 c the down side risk may not be too bad.