We are now almost a year since that "false down", being the scheduled launch of vitrogro with everything in place; stock in a wharehouse, sales staff at the ready - just that final tick from the regulator necessary. Then it all fell apart!! The trail of misadventure in getting this product over the line is almost too painful to describe; and it goes on seemingly without end. There is no conspiracy going on here (I think), but I don't believe a sequence of events could have been better orchestrated (designed) to thwart the progress of our product to market and send us all broke.
I have owned TIS since 2003, I have bought them at 70c down to 8c, back up again and now down to 13.5c. I sucked every dollar I could from my mortgage, I got my children to buy lots. All this on a single product company, with competitors barking at our heels. Am I a fool, perhaps. On reflection I can remember having little sympathy for the people who lost their money in the "Storm Financial" fiasco, I thought how can they have been so stupid - well I am coming to understand/have insight through my experience with TIS.
Do I blame Steve Mercer et al, no I think he is doing his best and he certainly has skin in the game (owns shares). The truth is we are all being burnt and I really do not understand why.
Will I sell my shares? I am now down on my holdings the equivalent of the value of my house, there is no point in selling. Do I still have hope of a recovery, yes, but everytime I say this to my wife she goes into a tirade and wants to throw me off the balcony. So I now stay quiet, jibbering in the corner "it will all be OK, just wait another month, you'll see"
TIS Price at posting:
13.4¢ Sentiment: Hold Disclosure: Held
