RE: re: Springing to life again21 Jan 2021 15:27
Son, if your last post is a reliable guide of the quality of the research of this company and me that you've carried out, then you should stick to National Lottery Scratch Cards!
9p - the very top ? Clueless, totally clueless.....No, 250p was the IPO price....10p (a 96% loss) was the first placing price and 2p (a 99.3% loss) was the third placing price .....for a straightforward real estate development that is still not even half built after 7 years under construction at 'cost' claimed by the company that is more than three times the £57m offer that won the tender to build the 200 acre port in its entirety!
How do you know how much I lost? It is condescending in the extreme to make such a statement unless you can back it up with facts. Some free advice....if you dont know keep your mouth shut and let others just think you're a fool!
You can do all the DD in the world but if the management don't do what they said they said they were going to do as laid out in the IPO Document or are fraudsters or both, there is nothing you can do but sell and attempt to hold them to account.
If I had shorted MPL I could of made a fortune - but I've never shorted a share in my life and never will.
At ARS I correctly called the situation as a lone voice ......sold out after 4 years at 5.6p making a £150k profit and put in mainly into SAVE . If I had kept the faith and stayed with ARS, less than a month later 1 would need ARS to go up 300% to break even !
'Your complaint led to you writing a 120page report, (your own words...), now you said nothing has been done on the Port, so how the hell can you fill 120 pages in a report when nothing has been done incl pictures???'
Son, its called 40 years experience running ports and shipping companies ..... again I urge you to seriously consider Scratch Cards if this is the quality of your 'research'!
'You mention the detailsed IPO DOCUMENT. The IPO document is only 68pages, yet your complaint is 120pages allegedly.??
I requested a copy of this report to be shared on ad*fn as you said the management have never responded to you.'
My first thought was to answer Scratch Cards but, since you have a very poor memory, I'll remind you that I had directed you to read all the posts made on Ad*fn since November 2016, as it contains most of what was in the report. As for the IPO document only being 68 pages .......remember its was written by people who have NO Port and Shipping industry experience or hold any professional qualifications .......I know that because I have spoken to them on numerous occasions !
Another free tip for you .....The best way to get good at equity market investment is to initially lose money and lots of it because it sharpens the mind and demonstrates the importance of keeping to sectors that you have long professional experience of...... and don't believe anything of what you read without first verifying it!