RE: GOLD26 Oct 2023 23:01
They are very dangerous plays
I was watching MCLS when it was in similar dire straits - then there was life saving news stories breaking on sky news that morrisons were taking over and rescuing it
it looked great so I bought in
just 15 minutes later the share was suspended to never return
turns out even though morrisons and mcol wanted to deal, the creditors decided nah they would rather it go bust
the kicker was morrison still buying it out but from admin so the shareholders get nothing
only the greedy banks/creditors get a win - and of course the lawyers, they never lose out
to rub salt in the wound, those shares still show in my account so I've been reminded every day for over a year!
they really are wild bets for those who are brave enough/rich enough to not care about the loss
rampers will still shout loud as the ship is going down, cineworld board was always ramping, IOG board still had rampers after they announced it was all over - probably the same ones that are now cross board spamming about a group legal claim!