RA offering shares

Bob Brogan wrote: Shares on the rise now 17.45

Shares now being properly pummeled. Down to R12-80 and no support. Either Dup is sleeping, has lost his appetite or is prohibited from trading due to reporting period.

That's a massive 26.4% hiding for those that took up this deal. Well done

.....Ooch....all downhill from here....:blush:

Why the dip again? Don`t understand tbh... Rand issue?

It has to do with the upcoming hearings where they are expected to get a pummeling ?

.....then also the talk of the possible "restructure".....they have to come up with something as an announcement is due soon.....:S

Over the Air wrote:

Bob Brogan wrote: Shares on the rise now 17.45

Shares now being properly pummeled. Down to R12-80 and no support. Either Dup is sleeping, has lost his appetite or is prohibited from trading due to reporting period.

That's a massive 26.4% hiding for those that took up this deal. Well done

.....Duppie is not sleeping....looks like he is plotting.....no surprise he has resigned while shares are again on the rise.....he says he wont cash out....yet....some very slick maneuvering is afoot.... and has the once puppet master.... still got him by the strings....:huh:

Phumelela market cap around 1.4 billion rand. about 75 million pounds.

dog of a share. very lightly traded not in to many peoples portfolios.

cant wait to see what the restructuring will look like and who will look after the reacing trusts interests.

not Mr weinberg that for sure

Over the Air wrote: A Year ago Phumelela shares were R24. The RA mugs who fell into the trap were offered shares at R17-39 when the shares were trading at R19-60. Today the share has bled to R17-80 and all indications are that these sheep will be bleeding very soon.

Well done Larry I wonder what chop you received for selling your members down the river?

Posted 10 months ago and today the shares are R12-70. That's a 27% bath for the mugs and the funniest thing is they can't hit the stoploss buttons yet. I had a chat with a market analyst on the weekend and his views were that the saving grace for these shares was the fact that they are so tightly held. Well when the fraudster starts unbundleing along with Rian and Gride investments, I can see a sub R10 a share scenario without too much effort.

To use black twitters favourite expression when commenting on white privilege and the adjustments having to be made - "shem".

Jurgs wrote:

Len Sham wrote: Mike Nunes u always have lots to say but hide behind remaining anonymous my question was why you feeling sorry for r/ a members who were made an offer and either accepted or rejected. how many shares were you forced to buy .

Len you and I have met before. I hide for obvious reasons but I can assure you that I'm not Mike Nunes whoever that is.

I feel sorry for RA members because they have been sold a lie. This share will not be propped up forever and they will burn. The sad thing is your people have tied them in and they going to suffer long and hard before being able to dispose of them.

Some illuminating forecasts made a year ago

Over the Air wrote: That is called propping up the share price. This was particularly evident yesterday.

It wont last and gives a clear indication that they are concerned. I would sell as soon as I could if I had this in my portfolio

Commenting on du Plessis propping up the share price 10 months ago.

What would be interesting is to enquire if there were any options or monetary incentives based on the share price that matured during this period. Some clear manipulation took place there.

Over the Air wrote:

Len Sham wrote: 235 000 shares traded yesterday at R 17.48

Steinhoff shares traded in the week before the crash ( 27/11/17 - 1/12/2017 )averaged R55-20 with volumes over 6 million. How do you think those purchasers feel today?

Put your pension into Phumelela, Len its a sure thing. Just make sure that you have a support system with room to accommodate before you do.

Len I hope you put your money where your big mouth is

Muhtiman wrote: .....then also the talk of the possible "restructure".....they have to come up with something as an announcement is due soon.....:S

I am sure the new structure was established a while back and no idea why the delay to announce?