.....is looking at the contract note in my file for the sale of 1 million shares at 1p each.
I bought in at 0.8p/share with the intention of sticking the shares in my bottom drawer for a very long time.
Subsequently changed my mind and decided that a better strategy would be to wait for some action to start and then get in bigger at the inevitable placing/fund raising without which the company simply cannot get its plans moving - whatever they are. And sold my holding thinking that the shares might easily drift and that I could get back in easily.
And then missed the jump when TC took the chair
step 1) And then thought the SP had bubbled and would deflate.
repeat step 1 at least 50 times
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crazy thing is that the elevated SP is now, IMHO, an obstacle to the company moving forward. they need to raise cash but they cannot possibly do so at anything like the current SP.
There will be tears.
But the lesson is that markets are not always rational. We need to accept that fact and exploit it rather than bemoan it.
They have no assets, are of no value, so no South Sea Bubble as you only assume they will buy North Sea Assets...
PS If you don't know what a South Sea bubble is, google it. Then follow that up with Tulips
