Bottomsup9 Nov 2015 19:47
here's a scenario
If someone bought £9,000 worth of CICC @ 3p, say around 2 years ago, how do you think he's faring now ?
£9,000 /£0.03 = 300,000 shares
those shares are now in limbo - unbankable.
but good news, that person also got 15% of his holding in CICG shares
so how much is that worth ?
45,000 shares * 1.4p = £630
So after over 2 years, his £9,000 is practically worth £630....
When will the rest of the £9,000 be released..... ? well that's anyone's guess
So on any metric.... after 2 years of waiting the so called investment has yet to deliver any sort of profit... in fact the investor is sitting on a 93% loss.
This is the exact same scenario in absolute terms the rest of CICC investors are in.... for those who bought at around 3p......sitting on losses of > 90%...... if bought higher then even worse.