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Marketable Shares, page-11

  1. 16,136 Posts.
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    ### "this cannot be legal"

    Same comment if they opened at 50 cents ?

    1900 - 1350 = 550, and nothing privileged about being one of the 550!

    I'm down $7,808

    I bought most of mine at .001 cents,

    and the only things that concerned me were a consolidation,

    and then just as is happening here, peoples reactions.

    Any one that has an "unmarketable parcel" as they call it,

    ( no such thing in reality ), is better off than the privileged 550,

    as the maximum that some MAY have lost, is $230.00

    Helluva diff. between $7,800 and $230.

    You lose 46%.

    ORO Laughed when I rang them ( Lost 80% ),

    their answer, that's the way it goes !.



    500,000 shares, pre -consol. @ .001 cents $500 but now,

    2,000 shares at 13.5 cents is $270


    The biggest stuff up here was the FIRST trade after the consolidation.

    Some body should have bought and sold some at a minimum of 25 cents, instead of 2 cents,

    to get the ball rolling. Certainly something that mngmnt. should have done.

    I tried to put mine up for sale, when there were NO bids or offers,

    but crapsec hadn't recognised my shares, and by the time they FINALLY

    answered the phone, some turkeys had already started trading at 2 cents.


    Last C.R. was at 20 cents equivalent, so I'm quietly confident that one

    day they will surpass that.

    Most people didn't spend a lot by the looks of it in the first place.

    Would have been nice to sell at over 15 cents, and the buy back in.

    Compared to when they were .001 cents, todays price is the equivalent

    of .000284 cents

    .071 cents is 25 cents divided by 3.5211

    100% divided by 3.5211 = 28.4%

    .071 X 3.5211 = .25 cents

    3.5211 X .000284 = .001 cents.

    A long winded post, I'm not happy either, but that is our 'lot' now.

    At .001 were "unsaleable", at least now 70 % of people

    will be able to get rid of them. May have been worth more $$$ wise,

    but would have taken many years to sell, even at 'break even' price.
 
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