I find it interesting that nearly all the comments raised on this forum in the last couple of days can only be described as negative.
Very few share holders were complaining when the share price hit a high of 53c.
I believe that the market is overreacting. Most likely the announcement by Nexbis was as a result of complaints to ASIC.
Whilst it is agreed that the announcement could only result in the share price dropping, in my opinion it created hysteria to some extent resulting in panic selling.
Why would not some holders of the share become hesitant in holding onto the stock with all the negative feedback evident on this forum.
The share price has held up reasonably well this morning considering the hysteria of the last two (2) days relating to the Company including their problem with cash flow.
It is again pointed out that Orbis has purchased a considerable amount of shares and it would be illogical to presume that they had not done sufficient homework before again buying shares in Nexbis.
I still believe that the Company has potential.
I welcome my fellow members of this forum that still have faith in the Company to voice their opinions and not be deterred by the hysteria created by the recent posting of negative comments.
Richee Rich
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- foolish or wise???
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