Looks like this share (or at least the sentiment surrounding this share) is now going completely belly up.
It is really starting to feel like a circus of a share to own and I truly hope it does not make clowns of us all.
It does not seam that the market out there have any appetite for this share, nor does it remotely believe in the R1.19 fair value post restructure.
Imagine if the board ask/suggest a rights issue..... Imagine how quickly this share falls to Zero then.
I am personally starting to think that all the talk of having a quick shareholder value unlock was all talk. It was my understanding pre restructure that the future of the business was never in the hope that the current or future management tries to fix and grow the business. The idea was to find a suitable buyer willing to pay a fair price for the rest of company. There were so many people toting R2+ as a fair price. The RAI group even had a poll which they shared with management at one stage suggesting shareholders would consider selling at around R2.
If we can get R1.19 per share like some did, I am 90% sure I'll take it and move on.
What are everyone's feelings on this share. Any thoughts out there?
I see they have also now postponed the AGM to March 2022. What a bunch of clowns. No wonder the share price is down 12% for the day.
And the sad part of all of this is that I convinced myself that I could believe what people were saying based on nothing but their own personal opinions and agendas. I see myself as the biggest CLOWN this all. Trade on facts not empty promises and wishful thinking, damn foooooooooollllll......