re: stinks
Towie, I never said I knew about the consolidation mate.. but I (amongst millions of others out there) knew that fundamentally, this company is stuffed.
A struggling company will resort to any dirty tricks to try to survive.. and I do remember in my previous posts saying that this company is great at breaking promises and hitting its investors with nasty surprises. So personally I'm not surprised whatsoever about the consolidation.. why bother trading it?? You can only get burned.
I'm not into "I told you so" comments, in case you forgot here's a link to my last post on NLX.. http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=374089&sym=NLX#1314227
Sorry to see you getting burned with this one, as I think you have made some great picks before (eg BDL). But I had to say something when you were posting about this company and suggesting to people to get into the right issue.. Personally, I wouldn't want anyone telling me to buy into a company that's fundamentally fkd up.
Regards, B
NLX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held