Did a huge mistake - bring me your lights please

joeyr46 · 1 December 2008

earlier in the thread some one said they had reuced the dividend to be paid march /April from 5.95cent to .05 cents seems they have changed the contract or is it allowed because your the bigger player you can do what you like

rocket12 · 10 December 2008

Julia said:
I have some sympathy for these people too, but just to see what info is offered before buying I did a unsigned placement of a Buy order. The fact that it's a stapled security is quite clearly stated on the order:

That's on E-trade, where if you click on "Recommendations" Huntleys make a very clear recommendation not to buy this.

Seems the broker has fulfilled all their obligations.

If that info was on the buy page then Etrade have done it well. Some peeps may still be silly enough to buy them but I doubt many would. The only info on Commsec notifiying buyers is hidden deep in the announcements page. The first mention of it being a contributing share is the moment you hit the buy button and the contract note is generated.

When you buy a share there should be a need to research the stock, look at the chart, the depth, look at the company info etc etc. I did all that and realized Brisconnection wasn't BHP but was prepared to take the risk. While I was bottom fishing I also bought 18 other similar dud stocks with the same amount of research. If I lost money on the lot of them you would here nothing from me I couldn't care less.

But what you shouldn't be required to do when buying a share is to be forced to investigate every purchase, looking for that hidden sting in the tail that you are buying a life ending debt.

I was thrilled to read at the start of this thread that a few of you were able to get out of your situation by offloading them, what a relief that must have been after realizing what deep doodoo you were in...

I am in the queue trying to sell them at .001 but hope no unsuspecting investor buys them off me, I hope and hope that Macquarie bank come along and buy my shares!!! Hell they can have them for nothing....

Hoots · 6 January 2009

New to this, so please bear with me...In considering the original post....Does that therefore mean you are always better off buying something that is an "FPO"...does Fully Paid Ordinary, mean exactly that "Fully Paid".....i assume it does....

Also....

Someone else brought up the point about people trying to make a "Fast " buck by buying cheap shares.
Surely SOME, cheapies might be worth having in a portfolio....No.?
Provided you are prepared to lose them....

ie : A Share that was once $1.00 and now .05c....surely a $500 plunge would be worth the risk....
Anyone..?

prawn_86 · 6 January 2009

Hoots said:
ie : NUP, once 80-90c now .05c....surely a $500 plunge would be worth the risk....
Anyone..?

Question you need to ask is WHY did it go from 90c to 5c, there must be some reasons. And what will make it turn around?

If you want to gamble why not just go to a casino?

Naked shorts · 7 January 2009

prawn_86 said:
Question you need to ask is WHY did it go from 90c to 5c, there must be some reasons. And what will make it turn around?

If you want to gamble why not just go to a casino?

Its called speculation prawn, I'm sure you have done some in your life

prawn_86 · 7 January 2009

Naked shorts said:
Its called speculation prawn, I'm sure you have done some in your life

Not based purely on a price that has fallen 80%. All of my speculation involves more in depth analysis then saying "well it used to be that price, so it might get back there" without looking at a chart or fundamentals

outback · 7 January 2009

I ask: Why was it 90c in the first place?

noirua · 22 October 2022

Travel on the investment road hoping a microcap will becomes outstandingly good. It happened twice for me and failed umpteen times but but but it is about to come good very very shortly - hunt ASF to find it, clue 'R.d .o.k R..ou.ces on L.E. Mind you, thou can never be sure to be sure.
As the thread's last post was in 2009 it's all a bit late to see the lights - never mind aye.