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18/04/20
14:18
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Originally posted by jlvegas9664:
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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.