focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Not quite sure of the point you're trying to make SoulDoubt; I don't believe I've ever wilfully misled anyone. I've been CF30 for a few years but I've not given one particular individual specific advice on these boards; I merely responded to a question querying why PIs are not wholly blameless and went into further detail regarding fundamentals and parameters. As I have intimated numerous times: objectives, risk profile and time horizon are unique so, clearly, nothing I've ever said was targeted advice and simply categorised as guidelines on investing which are sadly too often ignored or forgotten by people searching for that next hopeful multibagger. Perhaps I should have prefaced as IMO but I believe our posts are our own opinion. You are welcome to believe what you wish but please do understand that your belief is not automatically fact. IMO. IMO. IMO.
He's not the first and he's unlikely to be the last. Don't take soft interviews at face value. Don't even take what's said in an RNS at face value. Look out for all caveats and read between the lines. Read Accounts fully and especially the balance sheet. Cash is always king. Note related parties. Research these related parties; whether Rising Dragon / Mypay / fastacash. Google is your friend; use it to research companies and management. Don't instantly view negative posts as deramping; a lot will be but not all. Don't always think you're right and the market is wrong. If something seems too good to be true on AIM it often is. Only invest what you can afford to lose on AIM. Don't be the greater fool. Schaer seems to be in Dubai now. He'll most likely get away with it. If any of the above appears patronising then so be it. I experienced similar with Quindell and Rob Terry hence no matter what others may believe I do have sympathy (or at the very least empathy) - thankfully I gained far more than I lost but could very easily have been the other way around. Learn from your experience here. Set your own personal stop losses / limits sensibly and stick to them. Don't just average down without thinking seriously about it. Invest your capital wisely and don't get overly attached to one stock. Diversify properly and that doesn't just mean spreading your capital around AIM. I could go on but the toilet is calling me. Best of luck with your future investments.
I could go on and on and on but it’s utterly pointless as it is quite clear that your personal biases only seem to ever convince yourself that you were right all along; side-note, you very much remind me of the Donald in that aspect, i.e. a narcissistic delusion of grandeur which, in a clear example of psychological projection, you appear to accuse me of. Lolz.
I am quite comfortable knowing that, in the last 18 months, at least two people on these boards have saved themselves a large loss of capital by taking the time to discuss all aspects of this particular company with me rather than simply burying their heads in the sand. I have some sympathy for truly “innocent” shareholders but I’m not sure anyone is ever truly innocent. Most will just have to take this experience as a learning curve; whether that be to conduct an increased amount of research, not to believe every last word in an RNS at face value and especially not to invest amounts exceeding their individual risk profile into a single stock no matter what self-interested posters on a bulletin board may say.
You can reply if you so wish and I’m sure you’ll choose to do so but nothing you say will make me move to a different view of you. Anyways, I’m off back to bed / the toilet / whatever “top-banter” place you believe I am.
Over. This. Is. Over.
Jez,
I think you’ll find any holding I may have in MYSQ is currently valued at the same as your investment. For the avoidance of doubt, that means 0p, either way.
Your “recommendations”, so-called advice and guidance clearly count for naught; this company has been uninvestable from origination and if you truly read all the RNS releases as well as the historical accounts in particular and did a teensy bit of actual research on both the company and Management prior to investing you, as the so-called “savvy investor” you proclaim yourself to be, could, would and should have realised this.
Happy to take a sportsman’s/charity bet that this company will never be sold as any basic due diligence would uncover the legacy issues whether that be the company needing related party (controlled by Schaer) work to survive / post abnormal revenue figures or the true actual number of users rather than the current, much-diminished “best estimate”. It’s all been one big pump for the last 18-24 months including the Beaufort supposed 21p target price or the supposed rumour about Tencent having any sort of interest in the company. As happens all too often on AIM, the spoof clearly worked on some, including you. More than once.
I don’t particularly have the time it may take to point out the myriad reasons I have recently chosen to respond to you in particular; suffice to say, anyone who has had even half an eye on this board since mid 2017 has seen the manner in which you operate. Whether that be the clear lack of actual research you seem to have done prior to investing last year on the back of a Facebook tip, the repetitive bullishness and unwillingness to even listen to any sort of alternative view preferring to ramp the heck out of this stock (remember hyperbagger?) to the cringeworthy, hypocritical manner in which you post negative comments when not invested in stocks, including MYSQ, all-the-while castigating anyone who defends their position as “man-guarding”. Swiftly followed by the volte-face when you decide to invest again because the stock has hit your finger-in-the-air target price despite the fundamentals being exactly the same. If you can’t take it, and I haven’t as easily resorted to personal barbs as you have, then you shouldn’t dish it out.
You can carp on and on about Schaer and how you had his number all along when, in actual fact, you clearly didn’t and your change of view only seemed to occur when you realised on the morning of the LSE investor event that the quoted revenue figures were in fact not at all #simplyamazing. Yet still you fail to see the sheer naivety you display in investing back into MYSQ despite Eric still being in control when you did so; one of the obvious points of research and reasons to invest is Management and to decide to re-invest and start ramping again simply evidences your investing inexperience ergo your “smashed portfolio” QED.
*pursuing
As 1onic indicates, the only, admittedly small hope would be to pursue a class action against SP Angel as MYSQ's Nomad so best to co-ordinate investors together to discuss feasibility and whether/how to proceed. You could potentially take this to the Letter before Action stage yourselves rather than instruct Counsel to do so but, ultimately, such action would most likely be stronger if sent by a lawyer.
Not as simple as you'd hope and would need to document clear proof that you invested based on an RNS which contained known untruths / false claims. Proving you didn't sell because of a false claim may well be more difficult to do as I believe it would likely be harder to prove this negative.
In my experience, Nomads at the very least add caveats to any "debatable" information in an RNS, e.g. it was most likely SP Angel who added the "individual users therefore have the potential to register more than one user account across MySQUAR's products" in the Registered Users RNS release last November.
Good luck either way...
"The Kübler-Ross model is popularly known as the five stages of grief...the five stages are chronologically: denial, anger, bargaining, depression and acceptance." Sounds like you've reached the bargaining stage now Jez? Though not necessarily moved out of denial. No, not the one in Africa.
Perhaps you should have tried looking at the accounts as part of your research Jez; the historical shenanigans are hiding in plain sight.
Are you trying to break into the top 20 today...? http://www.pumpedordumped.com/rampchecker/rampchecktopramper.php
Winnifrith buying through his family trust today; buys may well be some of his followers too.
Reasons given as backing addition of Fuller and target for next year's results in terms of company breaking even and supposed targeted profits of c£2m in that year...
At least Austin will be able to tell what the bottom line is...
For the first time in a good few months I've added too. I think/hope it's SVS selling out any shares it may have taken in the placing. With any likely comms paid, min 5% and maybe more, the actual sale price achieved most likely wouldn't have resulted in a loss for SVS. Seen it time and again with certain brokers... But yeah, as a great philosopher once wrote - WTFDIK?
More likely a NomAd resignation RNS before that Jezzy. Soz.