Yes, I know. I got out okay, sold in 2 lots and it was a 10% loss. I really thought that there was a chance of recovery until stories started coming through in the media. It looks like they are finished, sad thing is the staff are blinkered to the situation. GameStop will most likely pick up what they need from administration.
Now I know that I should stay away from 'risky' stocks ;-) but aren't they all risky.
So can GMG really implement a good restructuring and trimming of the business in order to survive? I hope that they can. They have already implemented strategies such as store closures and redundancies so they are not hanging about.
The 'biggie' of course being the International business and what sort of bids (if any) they receive.
Premium is certainly a worthwhile visit for the quality of poster you will get, they may not always be correct but you should find an honest evaluation of opinion and one that is worth listening to before you make your own mind up. Balance is good and from personal experience I don't find too many people here with an alterior motive. ;-)
Possibly if more people posted it would generate more traffic.
Took a few PTR @15.4p yesterday as a similar play to MOG. Trouble is there may be more than one seller here judging by quantities so it will be interesting to see how it plays today and if the seller is really gone.
Good morning, I'm hoping for a small rise above 1p. I'm only here short term so not looking for anything hugely above that.
Hopefully we'll see that but if it doesn't happen then it's no biggy. There are a lot of stocks out there trading even below their cash value with nothing factored in for assetts so it wouldn't suprise me if the market doesn't react too much.
So cash of $4.3million, WSX share at $5.2million plus other assetts and a market capital of £4.43million. I guess the other assetts are not factored in to current sp so will be interesting to see what the market believes them to be worth.
I am the opposite, I have greatly reduced my position but wish I had a few more. I reduced my position because of factors external to this share.
I can say that Rory Stear is still hoping for a satisfactory outcome before the court case, I have no idea if that will happen obviously but they are using a mediator. Also the web site launch early October says that they may now have a business to shout about with new contracts etc.
Why don't you see if there is a bit more buying to push sp up and reduce your position then, you may also find that you are better selling lower amounts to get a better price.
I asked for a quote on 100,00 and got offered 1.25, I told them to leave it, bid was showing 1.4 or 1.5 at the time. Since then they are more keen to get stock.