Don't lose heart..26 May 2018 10:18
... just lose the ignorance of how you think the system works and learn how it really works.
It's understandable many PI's are disillusioned with the SP but that is all part of learning how to really play the tough game of making money in this immoral system which is set up to serve the few and not the many. Until one understands that, most will lose money LT. It is what it is but no need for bickering as that doesn't help anyone.
The SP will recover slowly but surely and one need only hold/buy until we reach multiples of current prices. IMO short term we could go a bit lower in line with waves and cycles in this down trend (since Feb 2017) and possibly fill a gap around 27p.
I will repost from yesterday on ECHO (over on iii) as most were surprised by the unexpected placing there.
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"Placing with II's at mate's rates (20% discount to recent SP levels) and combined with today's 15% dilution shows disappointment for existing holders (but if can hold, will do OK over coming weeks if PI's learn to take profits).
I know many have yet to awaken to this but the game of trading/investing is rigged which is why most PI's will never make money long term (I learned the hard way):
- No placing at a premium to II means directors are far from independent (only in law but not in practice)
- They can't disclose the identity of II and yet we, the masses, are required by a new EU directive to give consent to every Bank, company, school, institution etc to allow them to use our personal data (essentially us giving up our legal rights to our own privacy). Hmm.... (Btw, I have declined to give this consent).
- No indication by management of possible raise during recent meeting with PI's (and yet 'negotions' must have been taking place to set up today's raise), so hardly transparency at work - for the few, yes, for the many, no.
- Companies no longer 'allowed' to do rights issues as opposed to share dilutions (as in the past these often benefited PI's).
Combine the above with blatant SP manipulations as and when required by the powers, shows this game has become ever more difficult for the PI. Ever more reason for those of us who still have a conscience to help each other out on these boards."
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