kublaikhan21 Nov 2016 09:27
That is absolutely fine, anyone can do what they want with their time, but I still think it is a total waste. As for putting anyone in prison I can agree with the sentiment but sadly there is no law against what the leaders of this company has taken out of shareholders for the last 6-8 years and even if they were you will need money and other resources to pursue them and the cash you would get back would be minimal. I was certainly a genuine investor and I remember the times that this board was the busiest one in LSE. Nearly everybody who are left are either still under the sad delusion that they could get some of their money back (which wont and ant happen) or they are seeking sort of revenge or like in my sake for sentimental reasons they are looking in once a month or so to se if the chat is still going. When I say waste of time , what I am saying is that I would spend my time on research and debate on other shares to try and win whatever you may have lost on this share back elsewhere. this share hasn't had any future for a very long time and I and 995 of shareholders have long since written off our investment nad moved on hopefully to better things
As for lessons learned there are many, in my view the main one being that just because you won a share you don't have to believe everything that the directors or the vast majority of a forum say. The forums will always be positive because most of the people writing are holders and therefore hope (don't know) that the share will go up and maybe even believe they can talk it up. it just isn't always true and it lures too many innocent victims into the trap. Many other lessons such as if a company has no production, no income ,no money and no plan there is no company and certainly no future.
Well, enough time wasted, have a good day and week!