Since Sept 09, they had a lot of corporate activities. First a 27 rights for every 10 shares held. Then immediately after the rights, a share consolidation where every 10 shares will be reduced to 1 share. I just know that after all the activities, the initial 1000 shares turned into 300 shares (I do not know how come, but since my parent's can't be bothered, I'm also not bothered. Anyway, too late to do anything now). Finally, there is a cash offer to delist it at $2.66 per share.
The key point here is that an investment of $14k turned into $800. It's just plain negligence if you asked me.
The lessons are:
1. The market is not your mother. She is not here to give you milk but is here to milk you if you're not capable of it.
2. If you do not have any interest in stocks and shares nor is capable of updating yourself with market/business news, then it's better not to be greedy over the potential higher gains of having an equity position. It's wiser to be fearful over the potential losses of having an equity position.
3. Do not trust others to do the job for you. Others might not have the same purpose as you in investing. It's infinitely better to be in a position to make your own decision when the time calls for it.
4. Buy and forget is just plain stupid. You can quote people saying that the market will trend upwards. Yes, but did they also mention they are talking about market index, where the bad companies are weeded out and replaced by better companies constantly? If you're buying individual companies, you better buy and watch constantly, lest the pot of honey is stolen right under your very nose.
I always find the idea of Winnie the pooh dipping his paws into a pot of honey very fascinating. I wonder whose honey Winnie the BEAR had stolen it from. The bees? Imagine the bees cursing and swearing at this giant bear stealing their hard earned honey.