Fortune 1975 : - Let Peace and Tranquility in to calm your apprehensions. Now think about it. Has IFL suddenly hit bad times financially ? Has it lost a lot of its business activity ? Has the global financial system collapsed entirely? No. No. No. is the answer to all those vital questions. At the moment there are a whole lot of lemmings jumping off the cliff as they react to the news. Do you want to be one too.
Let's face it.....what have you lost ? Well if you sell in the present market you will certainly confirm a loss compared to what your IFL shares were worth a few days before the announcement about the Trading Halt etc. If, however, you ride out the rather turbulent white water activity at the moment in IFL share trading then you will come to some calmer water. Then what have you got? You are being offered a chance to add to your shareholding in a very solid, reliable company that is going to become a significant leader in its industry. Dominant even. By taking up the shares that you are being offered then you are maintaining the % position that your initial holding had in the company. So you are putting more money in for sure but you are also gaining more shares that will have the potential to rise in price over the next few years and generate further income from dividends. So shut your ears to all those who like to wail and lament the "terrible" thing management has done. In a few years, if all goes according to plan, then the investment in the new shares will be seen as being a very sound decision. But entirely up to you. I think zaidi675 says some very sensible things a few posts back.
IFL Price at posting:
$3.58 Sentiment: Buy Disclosure: Held
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