Monkey Trap ?8 Nov 2023 06:42
PC is aware of the dreadful business tactics which go on, where a company like Toss will string the smaller company along, with delays and costs till the smaller firm is on its knees, hoping to bankrupt them and pick up the assets for a cent in the dollar from the liquidator, is that what we have here ?
So a contingency is needed, and for investors that means keeping the business afloat. The assets are huge, and the current share price is only 5% of "Fair Value", I would not sell assets to invest here, but its certainly worth a punt to keep afloat. If you are a true investor or trader, you don't gamble your assets, and accept than as soon as you have spent your cash its gone - like if you have bought an expensive single malt at auction, and just opened it. What you get back later is a bonus. I am staying long here, and looking for a five year turnaround. I can earn my investment back every month if I actually go out and work.