Rick123, it's got nothing to do with telling people to leave when the price is going down. It's telling people to leave when there is no hope. With Afren it was clear that the price would drop to nearly 1p when the bondholders were given control, therefore at 6p it was common sense to sell up but the rampers (like fortuna) continued to ramp Afren when there was literally no hope of the SP going up, which led to thousands of shareholders losing most of their hard earned cash.
The rampers are doing the exact same here. Currently this stock is a dead horse unless some drastic changes are made with the BoD or via new assets. Without any changes this will not go to 0.10p+ and that's the simple fact of it.
1 ) Billions of shares , so eventually they will need to consolidate ! 2) Bod who no one trusts a) the way we were treated B ) having been conned them selfs in the past c) The regulators can't be to happy with them either ! . But at these levels their may be a day trade here ! . Before de listing because of the wrong doing . Just my opinion scaled down version as not allowed to discuss certain things .
This reminds me of when Afren drastically dropped to 6p and I told everyone to get out asap but individuals like fortuna continued to ramp despite the inevitable. I sold my Afren stock without making a loss but others lost tens of thousands. I even told good bb members like mrcalm to leave but they were influenced by the rampers and stayed too long. I feel sorry for the innocent PIs who get sucked in by rampers in a stock which has very little hope.
I hope NEW makes a miraculous recovery, either by removing the BoD or by purchasing good assets are a bargain price. However, that's wishful thinking given the current predicament
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