Same ole story.25 Mar 2015 14:05
I've seen this all before: posers using first names of directors as though they were their best mates, singing their praises, admiring their integrity, posters supporting the share like it's a football club. Posters (especially the deluded rampers) attacking other posters who express a genuine concern on any issue of governance because the former deem it to be remotely negative or de-ramping. As the share price dwindles the rampers become even more defensive and stupidly believe every lie they're being told by the bod, all the while savaging anyone who comments realistically on their beloved company. Then the sp reaches losses of 97, 98, 99% and still the deluded hang on to every utterance of a board who have consistently misled them for years. The posters who expressed concerns throughout the journey point out that what happened was utterly predictable to those not deluded. The deluded then attack them again for wallowing in small shareholders' misery when all the former are doing is seeking some sort of acknowledgement that the rampers were wrong for attacking them every time they expressed a genuine concern about the bod's activities. Then some companies go into suspension and STILL the deluded believe.
Finally, the penny drops and the deluded, having finished attacking the posters who were right all along, turn on their best mates on the bod and want to sue them for gross incompetence etc etc. These bod's who the rampers held in the highest of esteem are now crooks, thieves, robbers etc when all they did was play the 'rape-the-PI' game, almost always to the letter of the law. Suing them is a complete waste of time for small investors.
Look at Matra, Txo, Afren, Trp and many, many others. Exactly what I've just said happened and it'll happen again and again as long as there are small, private investors stupid enough to 'support' these companies with their hearts instead of whatever brains they have left. The lesson I've learned is always, always, always read everything you read about a company with total objectivity. Believe no-one, especially on discussion boards, but never run down a well worded 'negative' concern without giving it serious thought.
I read a poster on another thread (this poster regularly is in the top 5 'most recommended' poster on LSE) stating categorically that shorting a share is immoral. He received numerous 'recommends' from the deluded on that share discussion board. It's the stock market ffs. So now making money on the stock market is immoral because you short a share? Show bod's the same loyalty they show us - absolutely none. Make money clinically and f*ck the begrudgers.
Kea is gone, long die Kea.