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Mate, Exactly, 8 posts... in similar businesses, because they...

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ValueTrader82

656 Posts.

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29/07/16

16:59

Post #: 18402162
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Originally posted by xerxes_ph ↑

Dear VT Thank you for providing such insightful personal information about yourself -

viz. " I am on here because Im sick of watching public shareholders get abused... and I am semi retired in my early 30s, so thank you."

So here we have a champion of public shareholders - a Hotcopper crusader with about 8 posts to "his" name - the vast majority of which pertain to AFY. Added to that we have here a fiscal guru, semi retired in his early 30's spouting fiscal rhetoric clearly designed to warn and caution deluded AFY shareholders.

Pardon me if I am a tad cynical. I believe Mr Market will have the last word on this one. I don't intend to get into a slanging match or descend into personal vitriol but .... I'm afraid that your view is only one opinion (whether ill founded or not). I don't see much in the way of confirmation of your opinions on here and the market certainly doesn't agree. Are you saying that shareholders who have bought into AFY are gullible fools who have not done their own "due diligence" on this company and it's prospects? If so, that's the height of fiscal conceit.

I am more than happy to hold this company based on its prospects going forward. What I object to is blatant fear mongering dressed up as public interest.

In the interest of balance, a contrary view needs to be presented. With that achieved I will say no more save to let the market decide.

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Mate,

Exactly, 8 posts... in similar businesses, because they are problematic. The only ones who are not gullible are the guys who got in at seed and stage 1... they are laughing, and I know a lot of them.... funny that!

Fiscal conceit or not... do what you want mate, god knows what you call due diligence, if you think a $1-2m business can every justify a $400m market cap... let alone a $20m or even $40m business, particularly one that lends (for the 100th time, lending is hard to scale without severe dilution) and is domestic, then I will leave you to own devices. If you think the market does anything more than responds, then you have something special coming your way...

I completely understand why you are defensive, my intent is not to fear monger, or effect your or anyone's holdings... I have nothing to gain or lose, as I said, I just hate watching the ASX turn into the Nasdaq, with a plethora of new lobster pots for people to boil themselves in.

Every serious businessman I've spoken to re AFY, without an agenda, has the same sentiment...particularly anyone whose been in similar verticals or have raised debt.

Last edited by ValueTrader82: 29/07/16

AFY Price at posting: $2.33 Sentiment: None Disclosure: Not Held
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