I sold out yesterday and realised a capital loss of $40k, have...

  1. 740 Posts.
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    I sold out yesterday and realised a capital loss of $40k, have gains 2 offset so not all that bad I guess- that's life. I asked myself yesterday would I buy this stock and the answer was a clear no. Five billion shares on issue, a loan facility which can't be paid back as they make no money. I thought I may as well get out while I can at least get some money back before the stock is worthless. Not trying to down ramp at all- how is this company even solvent? Anyway i feel quite liberated after selling this stock. I sincerely hope that the company does turn around and you guys all make lots of $$$ but in all honesty I can't see that happening, the odds of winning lotto would be far better.

    Good luck
    Cheers
    Fursty
 
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