Very good point but I am mindful that most people invest without fully understanding Australian corporate law but they trust in a system of checks and balances.
The sheer volume of companies that choose the Caymans as a haven makes me believe a system of checks and balances also apply there, albeit with a different risk.
People will argue that it is just a PO Box or someone will run off with the money never to be seen again. I see it as having lost ~80% of my investment so I may as well hold on to the remaining embers. They may become a roaring fire (or ashes) in 5 years.
I would rather you say "I told you so" when the investment is lost completely than telling my grandkids "if only" when they list on the NASDAQ.
SPT Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
