Yes I see the concerns. Star City will be fine, for the...

Yes I see the concerns. Star City will be fine, for the Insiders. It's the main longer term holders who have no hope or exit now. The way things are proceeding, when SGR passes the buck to Crown by losing their Social Casino Licence, Star City will be nothing more than a hospitality/retail play which by the way seems to no longer be Australian Owned as Blackrock is taking that pie. Maybe I got some of that detail wrong my apologies.

So in the SGR Thread I did make a small joke that SGR will go into administration or a delisting by selling off their business and assets to U.S Interests but as more unravels on the company, my joking statements appear to have far more weight and growing concerns. What is evident is the clear R.I.P of the stock. Who wants to SIT N HOLD ANOTHER several months on Inquiry to finish, and prior to that SGR will ask its investors for more capital....as a way for Insiders to liquidate and someone else left holding the bag.

Each raise is 7 months apart
Each raise is discounted by 50%
Simple arithmetic shows we could see 30c by April (rumours are this, but APRIL is BS as this has very little pulse left IMO one cna legit FEEL the trend change...). Ie the momentum of negativity adding intense weight to this

From this entire thread I can only think of 1 person who would want to average down into this stock... wait a few months