Sell @ $0.225
A difficult decision to sell… From the last results for Q3 (Jan-14), the Balance Sheet appears stronger, with an increase in Cash (mainly due to sale of Properties) but a weakening of Net Profits (due to increasing expenses – altho' they seem to imply it is mainly one-off due to more Trade Shows). Still, I decided to pare down my exposure (still quite huge) to free up more cash for alternatives… 😀
I'm recognising a huge loss here as I'm cutting off the highest priced buys @ $0.25+. Main reasons for this Creative Accounting,
- Enough profits in Mar-14 to offset the losses
- Less painful (psychologically) to do further selling if prices do drop further (average cost pf balance = 19.3ct) if biz worsens