ALF - Allied Farmers Limited

[percy]

I've never had a million shares in anything before. I'm tempted just for the sheer novelty value.

Don't do it.!!!!!

[minimoke]

Don't do it.!!!!!

Oh I don't know . I reckon it could be good value for money. Remember a couple of years back punters were happy to throw $500 for 500 Tasman Capital shares. I reckon if I wait a week I could get a million ALF shares for a grand. Thats got to be good value!

[bung5]

The question is which chump(s) has been buying these shares all the way down?!?!!

[percy]

Oh I don't know . I reckon it could be good value for money. Remember a couple of years back punters were happy to throw $500 for 500 Tasman Capital shares. I reckon if I wait a week I could get a million ALF shares for a grand. Thats got to be good value!

If you would like to join "the mad punters not for profit group" I am willing to sell you 2mil DMNOA[au] for $2,000 NZ. They expire 6/5/2013.

[minimoke]

If you would like to join "the mad punters not for profit group" I am willing to sell you 2mil DMNOA[au] for $2,000 NZ. They expire 6/5/2013.

Thanks for the very tempting offer but there might be something a bit hotter on offer soon. All $0.002 bids dried up today so heading to $0.001. I'm thinking I could perhaps be a multi-million shareholder for less than a grand.

[J R Ewing]

I wonder what happens after $0.001? Does NZX then move to offering one hundredth of a cent increments? Or is $0.001 the minimum bid you can make, so this becomes the absolute bottom below which the share can not trade (until they have a consolidation).

[GTM 3442]

I wonder what happens after $0.001? Does NZX then move to offering one hundredth of a cent increments? Or is $0.001 the minimum bid you can make, so this becomes the absolute bottom below which the share can not trade (until they have a consolidation).

A consolidation would show how overvalued they are at $0.001, d'you think ?

[digger]

A consolidation would show how overvalued they are at $0.001, d'you think ?

Almost every consolidation i have seen ends up a act of desperation. Usually the shares continue to fall and within a very short time half again.
Some of you may know i was a dairy farmer and still am a cattle dealer.This year i will turn over about 150 cattle.Until very recently i used to trade through Allied farmers.Like the Morrinsville Allied auctioniars are great people to deal with,but about 4 months ago i laid down some conditions for further dealing as they are at the knife edge of going broke.The first was that at any one time they were not to owe me more than 5000 dollars and that the SP was not to fall below .6 of a cent.Hence for the last 3 months i have had to sell through Wrightson.
Now the agents tell me if everyone acted like me they would go broke for sure but risk is risk and i am here to look after me. in fact i feel some heavy selling farmers going through Allied are risking all and it is just musical chairs and the sh--t hits the fan when the music stops which could well be anytime soon.

[Toulouse - Luzern]

Hi,
Good on you Digger.
Sound approach.

[Toulouse - Luzern]

Hi MM,
If you fancy being a millionaire, then booking a trip to Bali is an option.
I have just come back and for $NZD848.44 today you can get 6,000,000 IDR (Indonesian rupiah) to spend in Bali.

Ref: http://www.oanda.com/currency/converter/