And to think that EOFY tax loss selling is just around the corner. It is such a bitter pill to force yourself to sell for a loss as one or two on this thread have indicated they have done. But at least you can preserve some capital to fight another day and you have some capital gains tax losses to carry forward as an offset to gains in future years.
IMO, if you still like the prospects of BDR, why would you not sell and preserve capital that's left and then wait and see if BDR can miraculously turn this operation around before creditors call in their overdue debts. Better to get back in at 10c and ride the SP back to 20c, than keep holding on in hope and sucking hard on 6c or 5c or possibly zero over the coming months.
My thoughts only. DYOR and make your own decisions but this slow train wreck is painful to watch and I really feel for the hurting retail shareholders. But hope is not an investment strategy.
BDR Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held
