Indiva Ltd V.NDVA.H

So....

[ScarletSpider]

The company has an article on SH saying just how good q2 looks but has it left on the site despite making a decision to pull the plugs?

Despite the fair sized debt if 5 million for a clearly not well capitalized company management has decided to throw in the towel vs doing everything really to try to keep the lights on going including to try to do a raise at .02 or .025 depending on which would put it to 600 million 700 million shares. Like i said there are companies with ridiculous outstanding shares that still trade .05 to .10 if not more at some point. As things become stronger they could always consolidate on a 20 plus times basis.

Well this management clearly saw it was not worth its time and effort. I did say whichever way the outcome goes i would not be angry and i am not just commenting.

Now the difference between this and Delta 9 is that Delta 9 is possibly fighting back not looking to roll over and die just like this one did. I hope if SDNL is acting badly that unlike over here that Delta 9 sticks it to them hard and says uh uh buddy you will not get us without a fight.

As far as the comment about the assets going to whoever the creditors are yes SDNL will be among the first in line and i suppose will have huge amounts of inventory it can sell and continue to make money from and depending on what was negotiated the management team may be working and business as usual for them as another poster said.

I am disappointed and this was the worst possible case one which i did say in all these types of situations i tried to benefit from i lost. I know i will not going against my better judgement but also the proven track record that 9 to 9.8 times out of 10 when companies are in this position especially in high inflationary markets no go. Even in better bull markets same thing.

It is too bad it ends like this but that was also part of the possibilty.

I am thankful i only staked $75 and that too from monies i already had invested taken from another company but i will be as i have been very honest despite the amount yeah it stings quite hard when i see that money could have been left where it was or better utilized elsewhere however stocks are a gamble in which there are some situations that can immediately wipe you out such as this one and it is better to stay away from them no matter if there is also the possibility of favorable outcomes like a buyout. But if you stake your hard earned dollars well the majority of the times like one poster said retail always get screwed hopefully that rings louder than thoughts of "fast money" 

All in all i am so sorry to all of you who have taken a big hit here. I sincerely hope that all your other holdings go way better and make up 100 times what you guys lost and suffered here. Good luck everyone!!!