Some pretty illogical conclusions going on here (but I understand the emotion of it - I hold too).
So someone who was already selling (presumably because they overcommitted to the CR) knew the outcome of a meeting on the 19th prior to the meeting? We don't even know that they were told at the meeting but maybe it was a discussion and then an email followed saying no thanks? Another emotional response I have read a few times here is "we flew all the way over to be told 'no' " - the document actually says there were multiple meetings with European clients (only 1 was POC1) and that there were 2 large orders placed - one in late 2015 (is this the 1.7m receiveable? I doubt it but WOW if it is cause another order of similar magnitude was placed in Jan) and an agreement with Scienion on a commercial way forward.
I'm not saying there weren't mistakes made by management etc but it's really not fair to conclude people have inside info or this company is a particular failure - the ones we used to compare to have equally under performed - it's just our decision to invest at certain valuations that is wrong at the moment. I am still struggling to find the bit where someone from the company actually made the claim that the POC1 device will never work without M&G - if you can find it let me know. I think I heard GC say at an AGM or something (or maybe it is in a quarterly) that so far the device isn't working to required level and M&G improves it - or maybe even gets it to that level but it was only 'us' that concluded therefore it is inevitable.
Anyway - talk to your friends, see your family, sell and move on, buy some more or just hold and wait to see what happens but whatever you do move on - I still carry a heavy heart from a post I read on FGE when it went under about someone who used CFDs and appeared to have lost $300k against their $30k capital - I really hope they managed to recover cause their last post didn't read well.
Oh yeah - in all your anger at management try to remember that GC has lost plenty through this as well - I'd rather he dusts himself off and focuses on the future than wallow in his own loss . . .
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Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $54.31M |
Open | High | Low | Value | Volume |
2.0¢ | 2.2¢ | 2.0¢ | $43.72K | 2.066M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 645999 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 142824 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 645999 | 0.020 |
9 | 1089103 | 0.019 |
13 | 2569053 | 0.018 |
7 | 1012891 | 0.017 |
6 | 1879500 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 142824 | 2 |
0.023 | 300000 | 1 |
0.024 | 284809 | 4 |
0.025 | 363246 | 4 |
0.026 | 45454 | 1 |
Last trade - 15.57pm 26/08/2024 (20 minute delay) ? |
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