Originally posted by bobadah
I think you will find I am a long way from meeting the definition of a "day trader". But yes, when I do buy and/or sell it is in the daytime, but that is as close as it gets.
I once had over 8 million TNG shares spread over 4 holdings, DIY, me, wife and joint. The recent happenings caused be to roughly halve my holding just to spread the risk. Most of the proceeds went into PLS (lithium) and RHT (health company with a recent FDA approval). The TNG I sold were sold to actually provide a "capital loss' buffer that had been sitting there for some years.
I still believe in the fundamentals of TNG but I no longer have complete faith in the integrity of the directors - and I assume they would
all have been involved in recent events.
hi bobadah, 1.2 mill voting the other way (of the counted votes) would have given a different result. But in saying that there was some interesting trading in the days befor the GM at a time when the BoD would have access to info signaling which way things were going. My view for what its worth is there was a link between the trading and the majority vote.
Having communicated with you on HC for over 6 years and on one occasion sharing a scon and coffee with you i can personally confirm you are as far from a day trader as the poles permit. I put you squarely in the catagory of astute investor who well understands TNG and its workings not to mention accounting and related areas.
You have attended AGMs in many of the last 6 or so years and had an oportunity to assess the various persons on the BoD or management. I personally read and take note of anything you post. I
suggest others do to the same.
there are other low key posters on this forum some of whom also have a lot of skin in TNG. Their posts are often more insightful than more prolific posters like myself. They are often the more reluable long term and should never be dismissed. Just my pennys worth.
