I hope you didn't buy. I warned people about this company over 12 months ago and got attacked by all the true believers. I had seen it all before - think BMC media in the dot com boom (amongst others). They all come out with the same old story about media convergence, communities, portals in the old days etc, but they can never make money. And they all think they are going to be multi billion dollar companies. Seems like all the corporates finally worked it out as well and walked away....and no one wants the assets (which are worthless anyway). Put it down to learning from painful experience - walk away and when investing in a company consider whether you REALLY undertsand what they do (rather than what they try to tell you) and how they can make money (ie sell things at a higher price than it costs them to produce). And buying a whole bunch of s**t and stringing it together doesn't make a business....
DES Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
