"I think Retail Investors should contribute as little as $10 and...

First 5 Last

Share
Profile

Follow
Longbetterthanshort

87 Posts.

42

12/03/21

16:02

Post #: 51726494
Share

Originally posted by Workhardorgohome: ↑

Read the announcement my friend.

This is a company that filed for bankruptcy because its failed as a business.

When a business failed every shareholders (Major/small shareholders) must be subjected to the same final outcome.

SDA major shareholders knew what was going on within the company before it had announced the trading halt. It was heavily shorted and sold and until now we don't even know what happened to the short positions.

22,234,098 Shares Shorted out of 239,741,258 total shares on Dec/22/2020 according to Shortman. That definitely has the smell of inside trading which definitely constitute as a fraud.

A bankrupted company should never has the right to list publicly again - its the least punishment a company can get. If a company can wipe out its existing retail investors, than what will stop it from doing it again - it's like robbing someone with no consequence.

This company was manipulated by large shareholders whom definitely profited from the falling share price (sold and shorted the company's share) prior to the trading halt and now they restructured it and ready to flip it for a profit and the existing poor retail investors get to claim "Tax Losses" - what a f*ing joke.

This is Australia Not a third world country - justice for retail investors.

Retail investors must stand up and teach those scumbags a lesson in order to reclaim accountability and make investing on the ASX fair to everybody.

I think Retail Investors should contribute as little as $10 and start a law suit. Do it for the love of accountability and Justice.

This should never be allowed to happen in a great country with good/fair legal system like Australia.

Expand

"I think Retail Investors should contribute as little as $10 and start a law suit. Do it for the love of accountability and Justice".

I like this idea

SDA Price at posting: 79.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

LRV

Larvotto hits "go" on Hillgrove Project

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

SS1

Sun Silver unveils Maverick Springs assay results

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

"I think Retail Investors should contribute as little as $10 and...

Top Stories

Larvotto hits "go" on Hillgrove Project

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Investor education equals superior returns

Sun Silver unveils Maverick Springs assay results

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Featured News