Ann: Shareholder Newsletter, page-170

wouldn't be to sure it got it wrong frank - it did go from 8 to 117 and still the business is looking good -- just not up to what we valued it at - at the time.

it also pinged brb which went from cents (when purrs pinged it but, I wasn't looking) to 80 and, lets look at what that one does in the next week or so.

Purrs isn't effected by SP's - - and, also, it can't detect outright lies -- similar to me -

like when we were told at the beginning of 2016 that the sales predicted were --

'already converted' ----------- ??????????? how else can one take that but, it's done and dusted?????


then, to find out that it was compete BS --- well, ??

I just honestly didn't realise the extent of the self deception -- not mine -- Nicks

even well after we failed miserably on the $18.5 million for the cal year - he said to me -

and, I am absolutely certain he fully believed what he was saying - he said -- 'but, we only just missed it'

I pulled him up and said something like 'hang on a minute - we didn't just miss it by a fly's fart - we missed it by country miles' -- and, I told him the percentage we missed it by -- and, it was like just shattering a dream or something - it was like he was completely inside the false belief --- it was an amazing moment --- IMO he honestly believed a lot of the stuff he was saying --- which was IMO - exactly why it was so convincing - because he was being honest - unfortunately in a fantasy world of which I didn't realise - certainly didn't realise the extent of it.


As to the business --- since everything has gone pear shaped -- the problem is to me -- what is it worth?

And, I don't think it is even worth bothering about until GR is gone and we can really look at things without that influence --

even the quality of the boys - we are just not going to know what they really can do until they are left alone - IMO, then, and only then will we be able to evaluate --

I believe the business is good and the team is good --- but, until the old school is completely cleared away -- then, I can't be 100% on it.

I have apologized in the past for getting it wrong - but, honestly - when you have someone standing in front of you and telling you things that any normal person can only reasonably interpret one way - like eg. -- 'the sales are already converted' -

well, what can one do? Ann. after ann. confirms the same, but, in the end -- it's all BS


any wonder it takes a long while to win back trust.