Luddites were "not just a bunch of farm workers" they were part of an uprising across the country (no social media) by workers employed by land owners, and in some cases housed by them also, in an occupation that was their only livelihood and kept them just above the breadline. The advent of the Threshing machines and the like meant that these individuals would no longer be able to support their families and thus would face starvation along with their dependants. There was no safety net for these individuals and this progress meant abject poverty for many. That is why they didn't want change so enough of the cheap ill informed jibes to try and gain "points" over your advisories if you don't mind.
Primary BID ruins market
So now everyone that wants to buy shares use this tool. Therefore locking those poor suckers called shareholders into even more years of pain. It creates an illiquid market not enabling sellers to sell in a free market driving the price lower. Watch the bottom fall out
i would go to DSM if the relationship was any good and get cash. It obviously isn't and that only leads me to believe the AA isn't great either. I think we had lots of cash and gave it away to keep some clown employed. The end of the day we own the technology and there should have been caveats that if DSM hadn't achieved certain goals then they pay
Must be tough in today's fast moving world to retain a Luddite mentality. They can't claim that we didn't have due notice, the update gave us all the clear indication that funds were to be raised. Or did some think that we had joined PrimaryBid for some kind of amusement? I do agree with the "why buy on the open market" comment. That much was blindingly obvious. As the article gixer quoted says, the big difference is that the ordinary PI can be part of a placing for the first time. How bad can that be for goodness sake? Those who didn't join in have only themselves to blame. How many times have I read on these boards after a placement, PI's moan "why can't we buy at those prices?". Well, now we can, if we would only grasp the new opportunity that crowdfunding presents. For those who don't know what a Luddite is, Ludd was hanged as the leader of a bunch of farm workers who smashed up threshing machinery as they saw it as a threat to their jobs. For them, there was nothing wrong with bashing the sheaves of corn with sticks in a yard, with women scooping up the grains of corn by hand. That is the way it had always been done, they saw no reason to change.
RE: Primary joke
Gixer - as someone who warned about the folly of buying SIS I also believe the online venture is a mistake.We are once again spending money we don't have and diluting the share even further. If you cannot afford something you should not purchase it until you can. Those people congratulating themselves on their successful primary bid allocations may think differently when the next round takes place at a lower price. This whole company has become a complete joke now.
RE: Primary joke
No one likes to see dilution to the shares. So out of curiosity if the company requires funding in the future and it probably will. How would you raise the funds to keep the company afloat until we are profitable?
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