Thanks Marxbys...Criminy!! All the reasons given for a 'reduction of capital:'
•Create distributable reserves.
•Return surplus capital to shareholders.
•Facilitate a buyback or redemption of shares.
•Distribute assets to shareholders
Are all great reasons for shareholders! Today was an ignorant sell-off (if it was based on this) -- unless you're a daytrader or flipper and locked-in profits. I will never criticize one for making $$. But, if one bought high and sold low, then you're destined to chase.
This is a totally different company that your average OTC play. Make sure your DD is solid and you're comfortable with your investment . . . and for the short-term, you're gonna need a strong stomach. All my "jokes" about Tums, Mylanta, Maalox, are no joke -- they're for days like this.
I was already anxiously waiting for news, which I believed was going to be Neurofuse and/or Blackfox related. Given the reasons above ... it could be that, AND possible LOI of another social networking site rumored before, or share buy-back, ... Christ, where's my Tums!
