18-10-2015, 09:20 PM
(This post was last modified: 18-10-2015, 09:21 PM by CY09.
Edit Reason: Edits
)
(21-07-2015, 11:53 AM)CY09 Wrote: I will like to take this momentous moment to announce that foreland is now 0.052, a 200% increase from its previous price 2 days ago.
Of course, many of my other favourites have followed suit, Qingmei, China Sports, Oceanus etc. If you asked me what has happened; my answer will be a penny rally on "worthless stocks". And it will be interesting to observe how long this rally will last as it is recent
Quoting from the lyrics of a song by Taylor Swift:
"It will leave you breathless or with a nasty scar"
Three months on, Foreland has retreated to 0.022, while another of my favorite, Qingmei is now suspended. Oceanus has plunged deeper into the ocean
I have taken the time to review Foreland's Q2 results. Decent results, but I think there will be more write offs coming for Foreland, especially for the PPE figure on the balance sheet