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I think many of you here are naive concerning the agricultural and farming business in Brasil.
I have experience ,albeit in ag machinery, with this sector and I will tell you now purchase orders received,goods delivered,invoices raised mean absolutely nothing. The only real measure is invoices paid. Delay and default are common occurrences and legal action to recover bad debts can take years.
Phew, finally out at 2.65 without a loss other than dead money for a considerable time.
Thank.you all the new and renamed rampers for this gift.
This stock.will.dwell here with the only interest coming from MM's and gamblers.
Eventually it will die completely with McMasters being the only winner.
Good luck all
Niceto, you are missing one very important fact.
If there is a stock price rally to anywhere near your idea of 3 to 4p then I believe there will be a massive sell off by people like myself that just want to get out of this dog of a company with minimal loss. Just go back and check inflows that occurred between 2 and 4p that will almost certainly bail.In my case that will be anywhere close to 2.65p
If that comment was addressed to me then yes sure I'm agrieved. I followed this company for 4 + years but only came to this board relatively recently . Over the extended period I have seen so many rampers,so many promises and frankly lies and total non transparency from the company.
Fortunately Smalley and a few others who I suspect are one in the same were sounding warnings all along which prevented me from buying in at various levels from 10 all the way up to 17+. I did however succumb and bought at 2.65 when I wrongly deducted it couldn't go any lower.
How wrong i was.
My subsequent posts have been a warning about this company that is only enriching the MD by way of expenses and payment.
Let the buyer beware.
as a relative newcomer here,18 months,the only accurate posts i read here are those posted by smaleyus. everyone else seems to be ****ging him , ramping,or trying to find any excuse to justify buying this pitiful stock. i only arrived her after doing a bit of research into mosaic . i must say that the overall regulatory performance of aim stocks leaves a lot to be desired which is probably why mcmasters is comfortable here.
think i'll stick to the us exchanges in future.
Smalley I agree.
I followed your advice for several years but succumbed when it was at 2.65.....bigger fool me.
I have been hanging in for a miracle but this would only happen if there was a takeover as the current bumbler couldn't sell the product at any price.
What do I do.....hang in ?
Would you advise I sell out now and take the loss
No, I've accepted the fact that I've almost certainly lost my money but I check in from time to time hoping there is a mug out there that will buy this pile of dust.
It's also fun to watch the rampers try to put a brave face on this
Listen to Smally, he's been right 95% of the time.
I wish I had listened to him 100% then I wouldn't be in a hole ,thankfully only a shallow one.
Don't waste your time waiting for Burton or Swingy to comment because everything they say is total BS.
Get out now and take a loss rather than the whole lot
Yes, many ignored his posts and got burnt, thankfully I took heed when tempted at 9 but refrained.
I should have done the same at 2.65 but here we are.I have accepted that my money is lost and think the company will no longer exist in the near future. I'm familiar with Brazil and wouldn't be surprised if this ends up in the Brazilian partners hands at zero cost whilst McM gets a nice pat on the back