My port has become stagnant, probably like many I'm in limbo, can't do anything. Can't even sell up without a big loss. Many of us reshaped when the matching engine was introduced, and the effect of COVID. I got all my players 15-20p under what was then their market values. Since then most players have tanked with players stuck in sell queues, IS spreads are huge so it is impossible to sell unless you want big losses, even at Market sell, no one wants to buy a full priced player. How are order books going to help that? Forgive me if I have missed something, as I haven't been staying focused (lost interest) with developments. Are in play dividends going to be enough for people to go and buy a full priced player, don't think so, surely other incentives need to be added. When will prices recover? It's fine for anyone just coming into FI, until the next evolution of the platform. Right now i can't see how order books alone will change my position.
Amazing how it all turned sour so quickly. There will be new products start up but I’d be very reluctant now. Could be a good idea looking at Slack some guys are needing the support.
Well that’s FS bust as well this morning. I really thought it was a well run product but goes to show you’ve no idea what’s going on behind the scenes. Lost about 4K between FS and FI. Not a good start to this year. I’ll stick to stocks n shares now I think.
Well the management finally fecked FI up big time. Sad times and feel sorry for anyone that’s lost money. Looks like they’ve shut the forum today as well. Let’s hope they have large cash reserves to at least pay people something but looking at the lies they’ve told us I think that’s unlikely.
This must be last plan to try and turn corner, money can't leave, it buys them time, but doesn't look good to me, its an 80% div reduction, so top end are going to be worth pennies, lower end might actually do OK. I've never seen twitter so bad though. Il be surprised if FI survive this one.
I’ve just read the new announcement on the forum. Looks like they are cutting their cloth to suit the lower income they are getting now. A few guys saying they are going to close FI soon but surely it’s not that bad. I’ve got next to nothing in there but wouldn’t like to see it fold.
It's such a mess. I think more and more are starting to wonder how FI get it working again. For them and us. I'm expecting a promo and some good news on the 22nd to go in hand with them being able to mint at any price that day... They will want to mint so want people pressing Buy, but also they won't want to mint cheaply... So I'm thinking they've got an Ace up their sleeve, or atleast a 10% bonus... I'm looking fwd to it, surely things can only get better! If they really expect to be able to just start minting and cause more il liquidity doing so and mint at these low prices (meaning they may very well need to reduce divs) I think too many, even panda and fig, will get angry.
Seems to be very negative on the forum again the last couple of days? Hard to keep up as the last time I dropped in quite a few rocket 🚀 chats going on. I’ve not got much left in there now just interested to see what direction the management will take next.