Shares that are watered down with large placements/issues dont always go North. NMS is half what a life saving issue came on the market at . Halted 20 cents, new issue 5 cents , now 2.6 cents The ideal way is to have them aquired with the discount to the actual current trading price while the share still trades.
I would have preffered that the share go into liquidation and got my tax write off /relief of 30 cents in the dollar and the ex directors get what they deserve, a fat zero.
Had 2 million bucks newly raised not gone to shit in just a few months , people may have trusted the company enough to buy more shares if the recent directors had been ousted , tarred and feathered and left at the city outskirts to walk home.
ETH Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
