Had it not been for all the infighting and as you say if Donaco has always been profitable then this should have traded above $1.00 pre-covid - perhaps 50c now due to covid. That's how retail holders have been stuffed.
Imagine just for a minute, that those hundreds of millions worth of writedowns were in fact coming out of your pocket - how would you feel then - would you still be so happy for your wealth destruction??
For you averaging below 10c for your massive holding, your current losses may not be that significant, but nevertheless still a paper loss.
You and some others in similar circumstances may recoup your losses, however, having two casinos that were profitable pre-covid and yet the share price is where it's at despite the net worth of the two properties. How do you explain that? C-19 is only part of the picture - I'll let you fill in the blanks for the rest.
Whilst at least its good to hear about a reopening - the term limited is used - so I don't think that suddenly there's going to be a flood of money coming in - it may just ease the burden of outgoings.
Despite all, love your positivity. All the best.
DNA Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
