MRG 0.00% 24.5¢ murray river organics group limited

Nice post Mna - you make some well-written and fair points and I...

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    Nice post Mna - you make some well-written and fair points and I don't think that anyone would argue, that this has been a horribly-run Co. (and investment). Sorry that you were also affected by MRG. I too believed Management and bought in way too early at ~$0.60 - shame on me, but I see no point in selling now. I aIso coughed-up again in the recent Cap. Raise (and honestly didn't expect MRG to trade <$0.1 afterwards - another bad call on my behalf. The stock market does wonders for one's humility haha). I remain hopeful that one day MRG will make me money. But 'hope' is a poor thing to base an investment on - so yes, Management need to get some runs on the board.


    One of your comments about the Cap Raise proceeds isn't entirely correct though - the releases state that of the $30.6M equity raised, $10.5 million went into "Vineyard Development". Certainly a fair chunk of it was used to appease the bank/debt obligations though. 
 
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