RE: Seriously Distressed People11 Jan 2020 09:48
Like many of us I’m going over all the stages as a SH of what I was thinking and why I never sold and even why I bought back half yesterday. I was warned about this before I bought it - mining, aim companies. I’ve never bought shares before I’ve always had an interest in them. I grew up around them - my mum and dad both were share people and my mum to this day - but always safe shares with divs never anything speculative like Sirius. I found being a SH in Sirius in the early days incredibly exciting - being part of it all, learning loads about something new and sharing it with the board bec had no one else to share it with. I was super positive but always honest about my inexperience and often said ‘don’t listen to me’. 15lives was right should never have told friends and family. But I always tried not to let anyone influence me. I do feel investors have to take responsibility for their decisions and was always told never to trust anyone on these boards - I actually do trust quite a few on here! I read everything there was to read about Sirius, it became a real hobby. I satisfied myself that it all looked as good as it could do - i guess I was naive about the finance - I did wonder why they hadn’t sorted Stage 2 earlier when there was confidence in company. When at all the various stages the SP dipped, when I should have sold - there were two reasons I didn’t - primarily my trust in CF and all I read and secondly for fear of missing out. I sold yesterday, my daughter sold her few shares (which I made good for her) bec the confidence in CF has all but gone - I’ve been defending him as everyone knows but I can’t pretend not to be thinking something I’m not - even if it may be obvious to lots of others. There’s so much I don’t understand since we got AA news - it just doesn’t add up to what I thought was going on at the strategic review. Why did I buy back half yesterday - bec in spite of everything there is a tiny part of me listening to the last conference call - strategic partners, de-risking, CF denying wanting to sell company, my two very long conversations over the last weeks with Tristan, Tristan recently saying in last few days strategic view going on - the fear of missing out after having gone through all this is still just too much to be out completely. I think in my heart I know - I’ve lost that trust and do feel incredibly let down and I don’t feel strong anymore re Sirius. Reading the board and FB since Aug and seeing how this is going to have such a massive impact on investors lives is just terrible. One conference call saying what I want to hear could change it and get that trust back - the tiny voice in my head is saying there is a slightest chance but that gut feeling has gone. Daughter told me yesterday there are more important things in life and something else will come up - she’s right about first part but for me an opportunity to be part of something like Sirius won’t ever come up again - I won’t let it
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