I've been in the market for 10 years. I know many cases where shareholders got shafted by companies going bankrupt or being transferred to private hands. For example Bear Stearns while it was dropping from $170 to $30 Jim Cramer american tv showman was promoting the company for 2 weeks saying its a strong buy, offering 100% return, the people believed and were buying up shares at $30, high up ranked politicion offered finance to save the company to the competitors of the company, so on Friday it closed on $30 on Sunday the companies receiving financing help offered $2 to save Bear Stearns and on Monday it opened at $2.39.....Only in one situation which i know of where one shareholder brought together all the shares of shareholders to respresent all of them, the company that going bankcrupt flew him out to the Chapter 11 meeting where he represented all the shareholers after everyone united.
For everyone who is not just blah blah but who is aware of technical analysis - the mathematical code/key at the moment for this timeframe is 3.087
Just hoping there somebody out that knows what I'm taking up. Cheers
Direct Link to AEJ - ANALYSIS Graph http://i806.photobucket.com/albums/yy344/Guennadi/AEJASXHotcopper.jpg
AEJ Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held