Ann: Extension of Voluntary Suspension, page-88

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mirren

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06/09/17

23:36

Post #: 27046941
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Originally posted by eshmun ↑

Yes it does seem to be going full circle. You've got to remember however that Drake made an on market offer for the company at 4.5cents per share in September last year and has recently tipped more money into the company through exercising some options to help keep the show on the road. Given the lack of real market interest and lack of liquidity there are no bigger shareholders stuck with shares in the story than Drake. The only way for them to make money from their investment is for the market to burst into life with liquidity into which they might be able to sell their shares to bigger more aggressive players (seems unlikely but not impossible at the spec end of the market), BBX gets taken over (seems unlikely at this point in time), or they will need to see the story through on the ground. The story plays with my head. Have Drake fallen for a story based on wishful thinking. Time will tell. I'm personally holding half my original stock based on wishful thinking, for the moment. So far I'm up nicely which is something I never expected. The shares just went in the bottom draw like all my failed investments. I don't use stop losses. My stop loss is to not overly invest in risky stocks in the first place and only invest more money into these stocks when clear value can be seen to be created, along with incremental de-risking of a story. Esh

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It is just the original situation that I happened to be an onlooker - at that time- it was pump on some visuals and then you know the rest- now hearing your explanation does not incite me to have any more faith - you know the potential- of the co- so I usually trust your astute judgement

What always surprised me was the erratic rises- with this one - and sadly with that in mind the only conclusion that I can come to is that something is just not right with this scenario- to be clear I have no idea- just wonder how it ended up at 20c seems like the deal of the century-
Just watching with interest-
BTW so pleased to see your charting interest- I am patient esh- I have great faith in your potential with that

BBX Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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Ann: Extension of Voluntary Suspension, page-88

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