RE: Carnage18 Nov 2020 07:44
Hi Guys,
Before I start I must admit I am not brilliant at understanding shares but I have a significant amount in this one, fortunately breaking even. Could it be possible that the BOD have shifted their risk i.e own cash onto the share price. Therefore they believe they have a good product and orders but it is drastically impacted by government legislation, an external factor out of their control. By shifting the risk to the share price it protects their cash and we carry all the risk.
I also think with such a shift as we have had with no news other than the prospectus there should be a EGM but again I don't know if we have the right to demand this together.
I am worried as I was stung massively a few years back with Range Resources. It went down and down and then changed name Star Phoenix Group. I managed to turn my £11,000 into £92.12 today, what a lesson that was hoping and praying that the BOD and BOD would make a change and restore share holders faith.