Too true – the share price here has dropped 20% since I got out last week. The one I moved into has gone up 22% so instead of being 86% down I am the equivalent of 44% down. If I had an urge to live dangerously I could buy more here at the cheaper price to await the certain success coming......but think I will take my chances on missing out.
For those of you counting on deep pockets to bail this thing out – just remember you will get diluted down unless you are prepared to stump up some cash every-time it happens. I own a stock which was actually the first one I ever bought about 15 years ago for a small try-out (SKR now MED). I originally had 7000 at 10c.
A well known wealthy guy from Melbourne got involved in that one - now I have something like 200 shares at .007 after multiple cap raises and consolidations. Guess its not even worth the company's while to cleanse it.
MSM Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held