ij5, that's not how the company was presented to investors. The board presented an investment case to shareholders, they didn't say, oh you can go to the casino or you can come to us. Purdy was on tv as the company was entering its death throes and saying how their position and operations were improving... I felt like punching that scumbag, personally, I couldn't see anything or future in the company, the only thing consistent about the company was the steady astronomical increase in board and management fees and bonus. I even put out the result of my research for all to see here, which valued the company at 0 CENTS, despite the share price being over $2 at the time and the hairbrains at Perpetual and Macquarie putting out fanciful valuations of $4 plus... sigh.
Why would you become a noteholder in a company that has NOTHING? you may as well flush the notes down the dunny just like the shares were flushed down the dunny.
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