today, page-57

Very good post BB although I should also mention a different scenario as it is all food for thought and it can't hurt.

- The Rooster sells 10000 shares @ $10 in trade 1 and receives $67,500 NPAT.

The Rooster then buys back in at $4 and picks up $77,500 @ $4 = 19375 shares.

The Rooster then reluctantly sells in trade 2 at $10 through a T/O and receives $58125 NPAT.

The Rooster leaves very happy with a total profit of $125625 NPAT + his initial $10000 = $135625

Now the Pussy Cat decides to sell her shares reluctantly for $10 through a T/O.

The pussy cat leaves with $67500 NPAT + her initial $10000 investment = $77500

In this scenario the Rooster leaves much happier than the Pussy Cat.

The moral to this story is don't always look through rose coloured glasses.




I am not implying that a T/O will be for $10 although you never really know. Too much blus sky is/was being factored into EXT's share price and we must all consider the downside as well as it is all possible.

Also consider that even though some posters on here say that they will not part with their shares for less than $20+ dollars it is pertinent to remind them that when the time comes they will have no choice in the matter as it will be totally up to the directors.