My Wealth Planner Was Away...My Dad gave me 10,000 to invest with his wealth planner. I wanted him to buy shares in Brompton but he is away until tomorrow. I am sorry but i was fuming like no tomorrow with this stock and it came to a tough choice to dump or not. I would have preferred not to but i have. Given i lost 10,000 shares i will now most likely hold to the hilt my 30,000 left whatever comes of them. I will be looking at 30 per share on a 10 to 1 consolidated bases. I will now close my eyes to all this because i know when these move up it will sting a bit but i still have 75 percent my position.
The problem with Brompton is there is no guaranteed fixed dividend payout when i looked at the history. Additionally, it looks like a maxomum 75 million will be paid in dividends on 9 million shares although it is a bit confusing as there are class A and preferred and it seemed to state on each so 150 million? Or for both??? I thought to grab the shares in any case as i already have some here and these just keep sucking so well first time it was less than 10 percent with my buying back 7.5 percent now 25 percent. I am not sure i will buy back as it is not easy to save money.
I wish my Dads planner was in town but that was not the case. Lets see where these go at least now i think my venom will be gone. Truth be told had these held .07 Friday i would not have been so venomous!!! Anyways it is what it is i will look to guard my 30,000 and i want no less than the equivalency of 90k. I hope i am not over estimating what this is so far thoroughly disappointed on how insiders are acting i dont at all respect this!!!