Actually, crystallization of losses is useful as i now have the substantive figure to support my legal claims against MA and others
Re: BMR Stream Log Good luck Scotch...it must have been a painful decision, but for what it's worth, I think you have done the right thing in getting out, even at these desperate levels. You made an error of judgement, you have taken it on the chin, and you are moving on...wonder how many others are doing likewise.
But the real question no one knows is how low can BMR fall over the coming weeks? I reckon 0.2 is still possible as is a recovery to c.1p
You have to follow my logic...IF I my worries prove correct, then post consolidation MTR will take a stake in BMR...and the potential to recover my losses is substantial,,..MTR is worth just £2m today with only 252m shares in issue so far...so now I don't have to worry about AB...I can cheer him on and hope he does the very things I feared he might whilst holding BMR shares
well you should chat with AB and Cameron..plus BMRWatch..
so sell BMR buy MTR - put yourself firmly on ABs side whatever happens
Well well well....I decided over the weekend to exit BMR and sell down my holding substantially - the lack of transparency and my own paranoia re ABs true intentions got the better of me....so I decided instead to back my paranoia and put myself on the same side as AB.....how? well I took my losses like a big boy and reinvested into MTR.....lots of headroom for value growth and it would be good to see MTR invest a chunk of cash into BMR post consolidation....GLA
My guess is a lot of those 'buys' are actually sells. Its happened before but lse sheep believe what they want
Re: BMR Stream Log The 'topping up' brigade must be delighted that they were able to average down on Friday. Difficult to imagine why anyone would contemplate buying in ahead of the consolidation and dilution. A fool and his money are easily parted...good morning LSE Ramping Team!
Just a thought but I remember a lot of people feeling much better after speaking with MA too
I wonder who "they" are that want this pushed down. And pushed "down" to what ?
Re: BMR Stream Log It would be funny if it wasn't so pitiful...the 'averaging down' brigade are hard at it already . They must think that all PIs are morons.
Same old carp being spouted on lse, its like we've never been away
Re: BMR Stream Log How long before the cheerleaders start announcing that they are topping up?!?!? DO NOT TRUST those who say they've never sold a share etc etc...they have lied to you, they are lying to you, and they will lie to you again
consider this...IF AB is alloed to proceed unchecked...he consolidates 10/1 and then issues 500m new shares to whoever...perhaps himself, his friends or his own company or a combination thereof and now has c.85% of the equity for £500k with assets of at least £9m. Then, as a majority shareholder we are forced to sell out to him on the same terms and we are wiped out at a pittance and then, miraculously, the assets get revalued upwards again ......in my view we are in danger of being hoodwnked into voting for our own extinction.