RE:RE:RE:RE:RE:RE:be careful what u wish forroger1234 wrote:
I made the calculation for myself and given that we are likely to get only 6.7 shares for each ones we have, it's not worth the trouble and the risk for me, given that I would have to extend even more hard-earned money to a group that has completely betrayed my trust, and that could have made great profits without crushing my portfolio so badly.
roger I shared some calculation on the weekend that if one does
not put in any new money, but sell some now to raise the money to take part in the rights offer.
(see the post on how to lower cost average without puttin in new money) In the example I show (with the old cost average of $1 and selling 70% at 6 cents), even at x6.7, one can lower ones cost average from $1 to $0.43.
The worst is to do nothing, imo. I don't quite understand why you think that
reducing your loss (by lowering your cost average, without putting any new money) is
not 'worth the trouble and the risk'. Any dollar not lost is a dollar gained, imo.
You can continue your efforts on both fronts (i.e. see if the regulators will intervene; and do what is needed to reduce your losses). GL!