Ann: Maverick Shareholder Letter, page-49

Thord, you have my sympathy. I too have experienced the same with Marion Energy (MAE). They cost me a six figure sum. I did see a lawyer and engaged ASIC - waste of time. What I did learn from my MAE experience (which I have expressed before) is that a risk management strategy is necessary when buying stocks. It means exiting a stock even when it's rising and existing a stock when it's falling (let me also say this, dollar averaging by buying more as the sp falls is akin to catch a falling knife - I've never done it again). I was fortunate with MAD in that I bought in at low prices (low 20's) in 2011 and sold out near the highs in 2012. I recently bought back in at 19.5c but bought a small parcel with the view that even if the company fails, I'm prepared to wear the losses i.e, it reflects my tolerance to risk. Sorry I can't offer more, suffice to say that I have been in your position and it was a bitter pill to swallow. However, I did learn my lesson, hence the reason I never fall in love with stocks regardless of what tripe management and analysts put out about the stock As I say, a risk management strategy is a must going forward. Re MAD, I actually do believe we will see better days going forward but it will be a slow process.