Why on earth would you sell when the market says this stock is...

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manny100

5,484 Posts.

2388

07/09/20

17:47

Post #: 47151003
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Originally posted by JasmineTea: ↑

Hi all,

I get home from work and surprise surprise we are suspended, so much for all the positive thinking.

My sell orders did not go through for 50% of my position.

Now I am in limbo like everyone else. Without the reports by independent consultants how do any of us really know the lay of the land.

The reports are completed to disclose key risks associated with the transaction. Anyone trying to palm off... "it is a major so we can trust them" clearly does not have much business experience. More concerning is that directors typically complete these reports to ensure that all risks are captured so that the deal is not misrepresented to us the shareholders.

We have a real risk of going into an endless cycle of suspension while the country continues to melt down under a coup.

I do not drink the happy sauce to believe that this major wanted to do us shareholders a favor and gift us all $s. There is always pro and risks and the independent reports give us an idea of the potential risks.

Not happy to see us suspended, not happy at all. Not a great confidence builder in management, particularly after numerous vocal posters here stated over the weekend that we would be trading today and that it was a done financing deal.

IT WAS CLEARLY NOT A DONE DEAL.

We have a number more of capital raisings to complete before this is put to bed. If the first capital raising is this difficult how confident are we in future capital raisings?

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Why on earth would you sell when the market says this stock is in an uptrend and about to make an EPS accretive and cash flow positive acquisition described as a great deal.
You would be well advised to enroll yourself in a suitable course.
I have the next price target at around 28 cents based on fibs.
You are unnecessarily fretting again. Calm down the one day delay was explained. One more sleep and you will be fine.
Remember the only thing that matters in markets is price and trend. Your questions are totally irrelevant.
Have a look at the classic text book uptrend MLL has been in since April.

MLL Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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