Australia's largest stock trading and investment forum Australia's #1 stock forum

BIG

Click for more information

0.00%

$2.22 big un limited

Hi Richard, nice try...…..

First 56 Last

Share
Profile

Follow
aussienorm

970 Posts.

8

11/11/19

17:55

Post #: 41362639
Share

Originally posted by YourFuture ↑

Hi ive been watching BIG from the beginning and invested heavily into it. Im like everyone else who has lost money in this stock and it seems that you feel we were all scammed. Im not of that opinion as I saw a company going through meteoric rise as their product was being touted by everyone as the next Tripadvisor type app.

For me It was a combination of things that caused me to make the wrong moves my first mistake was that I got GREEDY, I was in awe as the stock rose from 10c to $5 in a very short time, I believed this was going to $20, I was stupid that I never pulled out my investment.

The news aroung BIG in 2017 was all positive there were TV channels interviewing them both here in Australia and overseas in America, they were opening offices in other countries all the signs were showing this was a very big deal even the ASX was going to list them in a new class. Im not a trader as most of you probably are im a holder a believer who backs companies that I feel will deliver on their promises and the rewards will come with that.

BIG had issues with the accountant and also with Richards past but none of this was ever revealed to us until February 2018. It was after the stock plummented to $2.22 from $5 due to USA market crashing the day before. The ASX put a stop trade on the stock to save it going to zero.

From what ive heard since that time there was a company which was shorting BIG they were directly responsible for information they dug up about Richards past and handed it to the Financial Review reporter who would reveal it all to us after the crash.
Was this orchestrated? hell yes timing was everything!

This was something completely out of all our hands which caught us all, it wasn't something that you could see happening some rot starting and a warning shot being fired to maybe get out of the stock. It happened like a perfect storm the timing of the US stock crash fired the shorts and then the stop trade. This was the signal for the bad news to be revealed which would eventually kill off BIG and Richard in the end.

It was horrible to read, hear and see people fudding Richards past which had no bearing on BIG and should have never been allowed to be released. I understand when Richard was asked about it he made a fundamental error in denying it even when the evidence clearly showed it was him whether he panicked i'll never know he should have just admitted to it and stopped the reporter there dead.
But then everyone got on the ride and drove Richard into the ground which in turn destroyed BIG along with him. Im not condoning what Richard did in the 90's im just saying it had no bearing who Richard is over 20 years later and it should have stayed buried.

The accounting side of things is what really destroyed the company as we all started to hear things were not as they were reported to us in our quarterly's, this put the final nail into the coffin I believe! Did Richard know of it no one can really say.
Then the deals which were made with ASX officials would have never been bought to light, nor the shonky way they were getting funding for new businesses although not ethical appears to be common in business startups.

Unfortunately we were all caught out by some very clever conniving immoral people and I believe the directors of BIG were too. The things i've mentioned above all proved to be the catalist for the demise of BIG and Richard Evertz..

Yes i'm pissed off but i'm not worried about it as time has healed me and I have learned some very valuable lessons.

Today we all hold 20% of our original stock and await a phoenix to climb out of the ashes and hopefully fingers cossed something comes of it but I wouldn't hold your breathe...

Expand

Hi Richard, nice try...…..

BIG Price at posting: $2.22 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 49 more messages in this thread...

First 56 Last

Add BIG (ASX) to my watchlist