You are spot on.. If the chairman thinks the "future looks so bright the future is orange" then front up Lind's wedge, lift this suspension, and let the shares find their true level based upon the companies performance. I'm pretty tired of "demi gods" running RRL telling us what's right for us and making decisions with our money..
Cut the bs about Churchill and Napoleon, grow a pair Mr Chen and get this stock back on the market.. Now... !!
Firstly, personally i quite liked the the letter (even with the quirky quotes) which imo is better than the deathly silence during a time like this.
Secondly, Is anyone able to clarify if its actually RRL that makes the decision to un-suspend trading or if its the exchange that decides/approves this?
My understanding is that RRL suspended trading but this is now an exchange enforced suspension. I.e the exchange needs to satisfy itself Range is fit to trade again. the company doesn't have a say at this stage until requirements are met.
One of those requirements being a firm plan or funding confirmed to pay back LIND. I could be completely wrong but would be interest to hear from someone with a better understanding of the technicalities
They would have far less questions if they allowed people to trade their shares. Being stuck in a position where we are unable to buy or sell, means the only resort left is to bang on the door of those who have suspended our shares.
I don't buy the arguement of needing to be in the best position possible. If a better position is coming, then let people hold their shares, or buy more. Or let some people refuse to beleive a better position is coming and sell to early to someone else and on their own heads be it.
We can all argue jam tomorrow, but if they were confident we would be trading and the SP would rise on the expectations of a better future.
All I was doing was repeating a message that you sent to me, agreed you set dates, but these were dates post suspension..which is an event that is yet to occur. How could I have possibly foreseen going into suspension? I'm not mystic meg. I was the man about things when I gave you a sub clause re Gerogia?
Anyhow, let's not argue, I know your a good guy really. I was in GKP a few years back, just a punt and left with nothing lost nothing gained in the end..hopefully will pick up in time.
Despite the excessive use of random quotes, I believe they are genuinely trying to turn things around. The company was in such a poor position before, it was never going to be possibly to turn it around overnight. I think we need to give them time - let's give them a bit of breathing space to try and do their job.
It just goes to show how bad you barest investing as up until today, with all your averaging down, you were still underwater. Come tomorrow after the aim normal spoke you'll be underwater again. Jeez you are bad at investing perhaps everyone should short stocks you buy :-)
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