Hi nicholg, no need, it's easy to become a devotee of a company...

Hi nicholg, no need, it's easy to become a devotee of a company we hold. I lost over $13k in MMN and MMNO before I took action, and have lost a lot more on other juniors. Actually, a poster who has been booted off this forum, henrikc, was the earliest to consistently warn about Macmin.

For what it's worth, I identify with holders of this lead parachute. My earlier joke at levking was just some gallows humour.

I thought TechWreck's disclaimer was pretty funny:

"I will be tipping the winner of the Melbourne Cup after this. Get out your credit cards, and telephone me on 1800-ARSEHOLE for your winning information."

Something to salvage from the wreckage, if you don't mind me adding:

1/ A useful cap loss to offset cap gains eventually. At 40% tax margin you will save $200 from every $1,000 lost in MMN and MMNO, provided you have taxable cap gains in future.

2/ It's generally not worth having faith in the statements of most directors and managers, they're rampers. But Macmin's were top-shelf.