GEO - GeoOP - Work Management Software

[couta1]

Thanks Harvey. At the moment my stock is worth on average 5% of my original buy price.. Just looking for options to reduce the hurt. It's a low six figure loss. Should have bought the boat....

I feel for you, those of us that have had six figure losses know the pain involved.

[blackcap]

Thanks Harvey. At the moment my stock is worth on average 5% of my original buy price.. Just looking for options to reduce the hurt. It's a low six figure loss. Should have bought the boat....

I feel for you too. Its never nice losing money on the markets or elsewhere. However what was your thought processes putting the potential of a 6 figure loss (that hurts) in a risky stock? A stock such as GEO should not make up any more than 5% of a portfolio (maximum 10% if you are young and a risk taker). If that were the case your 6 figure loss would not hurt. Unless of course it was a punt and then you might as well have put $100k plus on black or red at the casino.

[couta1]

Whether you lose a six figure sum in a risky stock or a not so risky stock like CNU, the pain and loss are both the same.

[blackcap]

Whether you lose a six figure sum in a risky stock or a not so risky stock like CNU, the pain and loss are both the same.

The point I was trying to make is that the loss of one stock (100% loss, be that whatever $ figure) should not impact your portfolio unduly, thus there should not be too much pain all round.

[couta1]

The point I was trying to make is that the loss of one stock (100% loss, be that whatever $ figure) should not impact your portfolio unduly, thus there should not be too much pain all round.

I here what your saying and at the end of the day, one just has to bite the bullet and sell out, then move on, especially in these dog&lemon stocks.

[blackcap]

I here what your saying and at the end of the day, one just has to bite the bullet and sell out, then move on, especially in these dog&lemon stocks.

Definitely, need to cut losers, hard to do but a must. Agree with you there. My point is that these losers should not hurt, and if they do... then you are not diversified enough and/or not suited to having only a few stocks in your portfolio. Not meaning you personally here, just in general.

[mushroom]

Thanks for the replies. I'm not crying poor, we have other bricks and mortar investments and assets so it's more pride than anything else.

I feel that the GeoOp team did a real doozy on the investors. There is not one part of their original prospectus that has materialised. Sure they have some big user numbers but they slashed the user price to try to buy the market. They they are struggling against all the competition, churn, insane executive salaries, expensive development team. I can't believe the size of the team for the (lack of) complexity of the solution.

I still am scratching my head on how they seem to keep getting $ in the door to keep it afloat yet it's turning over less than a corner dairy store. Excluding the BS acquisition revenue.

I think Leanne thought it would be easy as Rod did it. She was wrong.

[RupertBear]

Hmm so whats going to happen with this stinker share?

[mushroom]

Personally I would like to see them rejected by the ASX even if that means I lose money. Sick of this BS company.

[mushroom]

Does anyone know how it is possible to allocate shares when trading has been suspended prior to a new ASX IPO?!?!?!

Just read the latest updates allocating shares to CTO and CIO.