VIL 0.00% 1.6¢ verus investments limited

where to now?

  1. 286 Posts.
    So, lost 25k on this. Unfortunately it was 25k of life savings and my only investment.

    Very stupid? Absolutely. However i bought into the dream see. Started off with $500, then added $3000 then saw that shoot up to $9000 when the SP reached 9.1c and then when it plummeted i always believed it would claw its way back. Then as the SP went to 2c i topped up, same at 1c then at .07 and so on so that i averaged my 4c entry price down to 1.7c

    Always believing that i would at least get my money back.

    Lucky i didnt go all in and add another 10k when it was at .4c

    I have no one to blame but my very naive self.

    However those of you who have been through this before. Looking at VIL's position can you give an experienced look at things?

    Whats the chance she'll go under? Looking at the number of shares and the current SP would a company in such a situation ever claw its way back from this?

    Is EGO similar? I know it had lots of shares and was at 0.1c for quite some time then got lucky and hit 4cish or something to that effect?

    Just some words of advice for us still holding on would be appreciated. No need to sugar coat anything :)

    Cheers.
 
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Currently unlisted public company.

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