I am a quiet holder who has lost on paper a six figure sum.
If it is ok, I will air a few thoughts from s holder with an exposure possibly larger than most.
I feel for all of us, but i think for myself personally, i should have seen the writing on the wall and exited even at a big loss.There are many circumstances that have caused this fall from grace.
Mining tax, Union thuggery and strongholds, mining turndowns,economical situations beyong Forges control, debt levels unsustainable, and ANZ pulling the plug ata minutes notice all exaggerated the collapse.
There will be a shortfall for creditors as reported in teh media, so shareholders will be picking nothing from the carcass except maybe a few dead maggots.
This has hot my family hard, although i like one other very large holder am level headed and will move on to greener pastuers.
As a very large sum holder, please do not let this destroy you, move on and do not remain bitter. I take full responsibility for my own dealings and i held these shares knowing the full range of economical circumstances.
When forge dropped from $5.00 to 28 cents on that black day, that was a warning sign that all was not well, in fact it had a deadly virus.
But human nature picked over the rotten carcass and lifted it back to $2.00 on a gambling mentality, and this just fed through to all traders alike.
Many made money in that initial surge, many lost.ASIC will imo find nothing untoward, these are simply market forces at work.
I have written my investment off, and the sooner i can use this as a tax loss the better.
From a holder who has done a lot of money, i wish all holders are ok and family, love and health are at the top of the list.Please stay focused on being positive and not bitter and negative blaming others as this will destroy and drain the last bit of life you have left. Remeber i am responsible for my own decisions and no-one else its me.
Hoping this helps others.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Held
