Poor invester’s funniest posts12 Apr 2023 13:09
Here’s a hilarious post back in September 2022 - the SP has fallen by approximately two-thirds since then (he’s not called “poor invester” for no reason).
It’s funny. The opening sentence is hilarious (to become an expert, just say you are one. And if there’s one thing that’s clear from his posts, maths isn’t his forte). It also contains the hilarious sentence: “Let me simply fly for you…”
Here’s the post. Brace yourselves:
13/9/22
Share price: 2.905p.
Thread: “8p+”
(Yes, 8p+)
“Wolf, I have been in business a long time And I explained to you a long time ago, I’m an expert in maths. This scenario you have put down, will never materialise. The lenders, will have to negotiate on today’s value and you have to remember, there are many lenders. When a big company is up for bankruptcy, their future financial projections are irrelevant, they have no money, they either raise money on their future projections or the fold. And if they fold, no one gets anything because the company ain’t worth that much.
Let me simply fly for you, if you can’t pay your mortgage, the bank will start repossession of your house, then they sell your house, pay of the mortgage, if there is any shortcomings, you have to settle, if you can’t settle, you declare bankrupt, bank doesn’t get the rest of its monies. The house will not be sold for it’s future value, it will be sold for market value.
Apologies for spelling and grammar, too many whiskey’s.”