thinkiing of buying into this Mob! Ha Ha! New Venture? Hard Hitters? If you don't know the history, let me tell you. These people running this mob have done absolutely nothing for the last 4 or 5 years. Except for burning cash paying their wages. They were sitting on a heap of cash 4 or 5 years ago. That was the time to enter into a New Venture, not now. By doing it now, they've had to bring in outside money. This has diluted the existing shareholders number of shares by over 70%. So where before you may have had 100,000 shares, you've now got around 20,000 (providing you didn't go in the SPP,and why would you?). So, my prediction is that this will all be run down for the next few years. Then we'll have another new "venture", and raise some more cash. When you are talking "hard hitter", are you talking rhyming slang, because if you are, you are right. jumbuck is 100% "Hard Hit".
JMB Price at posting:
9.5¢ Sentiment: None Disclosure: Held
