It's fair to question the motives of each poster as their are plenty on hc who ramp and ramp until enough buyers move the price so that it becomes a self fulfilling prophecy, some with multi nicks and some who claim insider knowledge.
This company went into administration when it shouldn't have hence the negativity surrounding the company and management's ability, which is fair considering it went from a Market Cap of $800 million to zilch overnight.
Clearly they could have issued more shares to raise cash when the share price was $3-$4 instead of undoing the hedge they had to protect it from the dramatic fall in nickel price to repay bank debt.
I purchased at a price that Albidon will not see in the near future or ever again based on the dilution effect of issuing more shares/ convertible notes.
The only reason why a company goes into business is to make a profit if it can not then it goes under. NurO in the end the share price answers not to the shareholders but to the BOTTOM LINE.
ALB Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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