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12/06/18
19:07
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Originally posted by myASX
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For those that want some research here it is.
As at 31/12/2018 from IRESS
Return on total assets -370%
Return on total equity -778%
Return on capital employed -486%
Feel free to fact check these yourself. Don’t take my word for it.
If you took up your entitlement offer you have these sort of results to look forward to.
One broker has bought up big since the VS was lifted. They seem to have run out of money on the 4/6/18. They started spending big but as each day went on the numbers got smaller and smaller until it stopped on the 4/6/18. They are still under water with an average buy price of 3.08c. It comes as no surprise to me to see a 20% sell off after it hit 3c today.
I still haven’t seen a model where MSM actually makes a profit. That’s the most important piece of information needed if you are sticking around till MSM makes money and new highs. If anyone has one, please share it.
Beware of fanboys averaging down and telling you this is the best investment again LOL. They are only pumping this to get out at break even or something less than a 90% loss LOL
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Actual shareholders actually understand and believe in this business. It's why we remain so supportive and continue to invest in this business. I'm sorry that you remain uncertain and know we would all be willing to help you get on board.