Echo chamber6 Jul 2017 08:17
As an investor in ALO it is interesting how this chat forum exhibits the same echo chamber characteristics of social media.
In other words, the "blind believers" have been pumping out all sorts of spurious claims as to how the share price is set to go to the moon without a single shred of evidence. The other "blind believers" have latched onto such claims to reinforce their own belief.
However, a quick review of facts is in order. This is a stock which was trading at historically rock bottom prices before suspension. I purchased at the beginning of last September and within a few weeks the stock price had dropped 40%. Hardly a good sign. The suspension of this stock last December under the pretext of a "reverse takeover" was an even worse omen.
Once a stock is suspended there is always a high probability it aint ever coming back, despite the b******t RNS statements.
Finally, if this stock was such a one way bet, why, with interest rates at rock bottom, did they have to take out a short term loan/stock swap at the usurious rate of 20%? That suggests that smart investors, as opposed to the "blind believers" who populate places like this, can smell a rat.
Assuming shareholders money has now disappeared down a black hole, or possibly non-existent copper/gold mine, the only likely recourse is legal action. Lawyers. Oh dear.