The suspension is killing me.
I'm checking the price all day long.
When do you pull the pin? 30% loss, 50% loss 80%loss
I read the posts from the experienced holders in ARI like Fitnfam, Beardy, Randymac and they fill me with hope of a turnaround so I hold on hoping that what I thought was a cheap entry price for a good company will soon head green.
But ... are we simply at the mercy of a large financial investment firm who has links to a specific short selling team, media arm and financial advisors.
Who was it that bought 6,000,000 shares last week in a special cross trade?
Why were we and the ASX not informed that a substantial shareholder even existed? Then sold out to just below the 5% threshold.
I tried to ring Steve Ashe about this but he hasn't returned my call!!!
I suppose we did get plenty of warning, everyone I have spoken to about my holding in ARI has said " why would you invest in that company"- to which I reply I don't really know anymore, turned out to be a bummer.
ARI Price at posting:
5.0¢ Sentiment: None Disclosure: Held