APG 0.00% 0.3¢ austpac resources nl

get out while you can

  1. 1,505 Posts.
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    hi guys
    i am not a financial adviser or an accountant and this is not advice its just how i see it
    i have so many friends on here and sooo sad to post this
    i once had faith in this company and technology
    i have been to so many agms where i met many of you thanks to earnie
    it appears to me that years and years of promises and time frames have not been met
    and i am being kind so i dont get sent off
    $500,000 would possibly pay staff wages another 500000 would take you through to the next agm where does the money come from to complete the plant
    any suitor would be stupid to contribute to that risk
    please correct me if i am wrong capitalisation around 6 m odd
    if i were a director or in the exective i would be more interested in collecting my wages/benifets
    than the share price. why would you sell now
    my understanding is -- and i could be wrong
    if i wait till the company goes into liquidation and that is an assumption
    then i would have to wait till it is wound up to claim a loss or capital loss and that could take years
    i hope i am way out of line and this does not happen but can anyone explain how or y my assumptions are wrongand i am very happy to be wrong
 
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Currently unlisted public company.

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