KSX 0.00% 1.5¢ karmelsonix ltd

re:general meeting

  1. 158 Posts.
    Great work Nayr-a good report.I was surprised that the meeting was "small" and that they "all seemed to know each other".It seems that the disgruntled small investor did not much to be gained from attendance.[no doubt management weren't too unpleased].After discussing the codes situation,Nayr suggests that "this will require additional trials and will take time". This is very useful information for investors because with the forecoming dilution through the offerings to pro/sop investors[15% of registry],one needs to decide whether any SP run can be sustained.Some obviously believe that a sustained rise is coming.I would love you guys to be right.
    IMO what we are now experiencing is another 'pump and dump' not a sustainable SP rise.And we should have a few of these before the year's end.Three reasons are suggested:firstly,good announcements won't move the SP;there will be too much dilution with 15% issue;lastly,this company definitely needs more time to build shareholder value.
    Of course,dive in guys and buy,buy buy.I've completely misjudged my investment here,so my advice could be suspect!

    Good Luck To All
 
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