Looks like we were in concurrence on this one..
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Well done ;).
Yep you certainly have to know "when to hold them and know when to fold them".
Now's a good time imho to fold them.
It's a bit of old news now but I've never forgotten this SPH notice from Mathew Hill, and it was from that time on I started to become a lot more wary of NTL.
I have no idea why 'the personal restructuring' took place and it's none of my business, but Mathew Hill suddenly no longer had a directing interest or was a 'beneficial owner' of some of the entities that owned very large amounts of NTL shares, and therefore he did not have to disclose to the market any future sales (or purchases).
That's the way I read it anyway.
Price then was about 2.4cents, four times more than at present :D:D.
http://nzx-prod-s7fsd7f98s.s3-websit...908/269192.pdf
Sadly I didn't get any answers to any of the questions and had a feeling the stock was going to do what it has done. I will possibility get back in one day as I do like the thrill of risk however this stock taught me a couple of valuable lessons on playing risky stocks.
Thanks for trying anyway, and I guess a few feel the same way.
Just popped in to say that after selling out and reinvesting with a company with great management that are going places, I'm up 24% on what I bought with the sale of the NTL shares. I'm also 10% on the way to recovery of my NTL losses and have high hopes that they will be recovered in a couple of years, while I imagine NTL will still be doing CR's and feeding stories of hope. I'll still keep an eye here as have tiny investment left in NTL that I'm prepared to lose, (but hope will maybe get back to what I paid one day).
Nice work Suse, good to get a win every now and then
Good work Suse - NTL is a whole lot less stressful when you don't have skin in the game. There are far more entertaining places to lose money :)
The directors are hiding in the mine.....
I too got out 3 months ago. After 3 years of expecting some poured gold, and the price to then treble. Enough was enough, and good to no longer feel being stiffed by management. I put it all into 14 NYSA gold silver and platinum stocks. Up 18%. Sad misinformation throughout. What I dont understand is why the other directors let it all go on. And why the $400k salary was ever authorised.
In my most recent conversation, Matt was reasonably accommodating,
He thought my idea to paint the wall around the light switch at the mine with bright luminous paint, so the last shareholder out could see what they were doing was good,
Not so enthusiastic though on my suggestion to have a Door Matt, so they could wipe their dirty boots in.
A tourist attraction? Past managing directors, and dirrectirs, wax works, in cowboy hats? Tours of the old workings?....flash forward... that business would be worth maybe $ 500K...
If a private investor bought out NTL and goes ahead: probably a good buy for whole company at say $12m, $0.004. NTL has become a joke, but like a bad lover - I still like NTL for all its faults. Diluted shareholding means everything is abit difficult because no one can buy a controlling shareholding.
If they could, they could then hold Matt on a pitchfork over a fire, and fire him, and the current team
If all the directors and Matt could be made to walk the plank, I would put everything I had done, back in...at market value now I think, at 0.004c. Matt declined my suggestion, in phone conversation, to recapatilize 1000 to 1. Your share would be worth $6.00, and none of us would feel the idiots of the exchange.
Love the company. Not the managment. Will buy back after regime change
Seems like a lot of us have sold out over the last few months.
I think the buck stopped for most people when senior management were not held accountable for their actions. A sure way to erode shareholder confidence and trust.