Hi Everyone,
Ah yes...the two sentence thread...I had forgotten...so warning, this is longer than 2 sentences... read or not as you wish.
Yes I am still around, as FLC/EMC was a no brainer to invest in. (cue 'groan' by everyone)
Seems someone short circuited any apparent increase in SP, regardless of the potential, after the merger.
Ah yes, the patient brigade. My experience, I guess I was lucky, invest at 43 cents per share and in 12 months you sell for $3.30 share. I have learnt a bit since, but odd how the expectation of an increase of any amount in 12 months doesn't seem unreasonable, and EMC was tracking there until the merger, now much less.
I got stopped lossed out mid 70 cent range, as I had for me a bit invested, so got to my limit on losses. My average price was higher as I believed in the story, but I had drawn a line to acceptable loss levels when it was apparent that the new FLC was announcing very little, and so treating SH as not important to the operations.
I kept observing and bought back in at 68 cents, but only half my original holding and for significantly less.
Money not standing still here, has made money elsewhere.
I am certain, FLC will take off, however, the interesting event of them even bothering to visit Australia for any presentation, has piqued my curious side.
Let me guess, they are listing in America, and the ASX listing will be redundant, so hence the visit, to soften the change.
Let's be real the SP is going nowhere on the ASX, and the market is aware of it, as the change has probably already been forecasted, hence the lack of buying. Why would you buy, when you know it will be moved?
Ah yes, and I forgot that pesky information we don't have, what is the real value of FLC, the new merged entity, as it seems we are still waiting on the financials to make any real financial judgement on the merged entity.
Great fundamentals, but very few announcements since the merger, plenty of potential though.
Could just be all smoke & mirrors, as it seems the big boys are playing to get what they want, and those that have supported the start up and legitimate listing on the ASX up to now will I guess miss out, as we don't count.
Yeah, hit me with all the potential of the company etc, however, we have heard very little of substance from the new entity FLC, since the merger.
Very happy to be proved wrong, as I still believe in what EMC intended to offer to the world, not sure that it is now the agenda, and that our support on the ASX to get started is even appreciated, so I guess as a SH will just be jerked around, until it gets sorted for the big boys.
Cheers
gsmaree
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