Originally Posted by
Balance
The story of the ugly duckling is a fairy tale which the backdoor listing merchants exploit/use very effectively to suck in the naive and greedy.
Sea Dragon & Plus SMS with its changes in management & directors provide you with your answer of what to expect when you invest in backdoor listed stocks - trees with rotten roots do not grow tall, if at all.
Incidentally, I don't hold an ongoing negative view of any stock without a constant evaluation of developments within (and without) the company and industry. If I did, I would never have bought DIL or HGH for example and made the sort of money us shareholders made when we bought on management & shareholding changes.
Even with PEB, I am prepared to consider once certain trigger points are activated.
Where is the evidence that any backdoor listed entities (Plus SMS, CER, Tru Test, Orions Minerals, Aquaria 21, Snakk, SeaDragon etc) by this mob has ever made money for anyone except themselves.