Snacks,
For much of the time that the 1.25c Rights Issue was available to shareholders, CVI traded comfortably below that 1.25c price level, which would have discourage any logical punter.
That is why so much of the offer wasn't taken up. That is plainly obvious to us all. Now you, with the benefit of hind-sight, point out the great profits one could have made by taking the entitlement and flogging it at 2.2c. That is pointless and you know it. A bit like standing behind a Blackjack player and saying "Hey you should have backed his bet because it was a sure-fire money doubler" AFTER the winning hand was played out.
I watched you writing this stuff the other day, and now the stock has retreated. So no good advice there.
I'm not saying it isn't possible to make money trading CVI. Indeed many are, but sadly it is mostly at the expense of others. It is admirable that you seem to have made a bit of money from the churn, but why be so nasty to those who's success is less than yours, and why criticise and almost mock people who thought they'd made a prudent investment. No body on the face of the earth would by a stock if they really thought it was a "1 in 100" chance.
So Snacks keep making the money - good on you - but please don't destroy the resolve and moral of those dedicated to a good cause. They are doing a lot and doing it for free. Moral support is a very important factor for them. Why not let them get on with it, and quietly make your money around it.
Good luck to you Sir. Oh its well known what I think of CVI.
S
PS - CVI probably has worse odds than Blackjack IMO unless of course, you are running the CVI casino
Cheers
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