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Ouch

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Super Contributor
Penny stocks and business rescues would make you poor quickly.
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13 REPLIES 13
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Super Contributor
#NAME?
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Super Contributor
Buy on rumour, sell on fact. I guess this constitutes a fact. This one is dead in the water.
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Valued Contributor
50% down not as bad as I would have expected ..
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Super Contributor
shame, read somewhere (in finweek?) that the owner used his own house as security for the loans. He might soon lose literally everything.
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Super Contributor
sorry not "owner" but CEO
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Super Contributor
Just wanting to know: under these circumstances, shouldn't the Bus Rescue option call for suspension of share trade? Case in point: Sanyati suspended share trade before applying for BR.
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Valued Contributor
it not a listing requirement, and not sure it should be .. let share holders decide if they want to stay, rather than locking everybody in for the months it'll take to resolve ..
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Regular Contributor
I booked a plane ticket to fly 1time on 04/11/12,would this affect my booking ?
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Super Contributor
Free market stuff, eh? Agreed!
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Valued Contributor
depends if they still flying .. they are as of right now ..
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Not applicable
What are the reasonable prospects of this 1Time recovering from this situation??
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Super Contributor
from what Ive read it seems ultimately it will be liquidated, no chance of recovering but shareholders might get some money back.
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Contributor
So there seems to be light at the end of the tunnel.
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