I sold out 100% of my IPO "investment" and subsequent $1.01 investment @ 39c 15/5/17 on the basis that it would be a long long painful time. That was 6 months ago almost to the day.
I read 4WD posts now.
I read Director letters - which to be fair seem honest and keen to hold it together given the "offer".
My tip to all parties is in the Balance Sheet.
Goodwill. Totally over valued. Digest that and make your own decision. Seriously - goodwill is a totally over valued asset at float. What is it now?
Hope that helps and all the best
Gracie
4WD Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held
