jimThis is exactly what I was trying to explain to people over...

jim

This is exactly what I was trying to explain to people over the last couple of months.

Today has seen the culminatiion of my warnings to prospective investors to stay away from fmg.

This has taken place in the face of mounting abuse directed at me over the period.

That's history but unfortunately some may have been sucked into believing the disgraceful ramping and denial that has been going on by some holders of fmg's stock in an effort to prevent a further slide in the s/p.

All eyes will now turn to Twiggy and his holdings.

Whatever happens now, it has been an extraordinary ride and an extarordinary performence - from rags to riches to rags.

I feel very sorry for all who bought at any price above today's close of $1.72.

Some will be stairing financial disaster in the face. Just imagine if one had bought in at $13 after the split. You would be spitting chips and rightly so.

We have seen around 50 percent reductions in share market values around the world. We are currently in what many observers have described as the worst financial meltdown in history and yet time and time again some fmg holders here on this forum have continued to ramp the share price, in the face of the above, and moreover, in the face of many experts and observers who have been warning about buying into fmg for a very long time.

Just go back and read some of the posts since last Friday.

Holders howling like Hyhenas, ramping the stock and attacking anyone who was counseling caution. The attacks on me for instance have been very personal indeed.

Look - I hope fmg can survive in some form or another. I think the most likely scenario now is a continued slide in the s/p imo, until Twiggy finally waves the white flag and sells his holding to the highest bidder - Chinese?

The next 6 months will tell the tail imo.