Musical Chairs, page-2

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Piano312

411 Posts.

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18/04/20

14:18

Post #: 44117240
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Originally posted by jlvegas9664: ↑

These types of companies are no more than a pyramid scheme or game of musical chairs.

I've seem it all before & I have been burn't before.
I got in on SAS early on & got off when the music began to slow.
Yes....I mad a nice return....for a change.

But I have lost money on companies like this in the past.
The pattern never changes. 1st you have the hype & every man & his dog is getting on.
The trend is just up , up , up , up.....that's when you want to be on a stock like this. It's easy money.

But as soon as it begins to turn, - the start of endless CR's !!!, - missed performance deadlines !!!.... that's when you need to be off a stock like this...and quick.

As I said the pattern never changes....it's the big hype & then the big dump.

I feel for everyone who has lost money on this. I've been there before. Use this as a learning experience & in future you will be much investor's in specy stocks.

I am surprised though that ASIC virtually allows this to go on with penalty & the parties culprits involved to virtually walk away scot free.
Surely there should be some ethical standards for Listed companies.

Anyway - GLTAH & DYOR.

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This type of company behaviour puts the reputations of both the ASX and ASIC at risk for not providing adequate oversight.

SAS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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