Doubters Bay - Surfs up, page-126

There are a number of long term holders in this forum - more than 7 years now for me. Yes, I have traded it, but selling today would realise a big loss.

I have always believed, based on Tim Gooch's presentation in 2015 which I attended in Perth, that this would be something special one day (rightly or wrongly). I loved the thought it could be a unicorn (Not so sure about that now).

In the last few years I have realised that it has been in limbo. Not broke; not making a profit. No result on whether one day it will succeed or whether it will eventually fail.

I appreciate @Petey is very knowledgeable. I hope his faith is well placed. I just wonder how much longer it actually will take for this to become a success. 1 year? 2 years? another 5 years? It just goes on and on and on and never gets genuine momentum. Even when the income grows significantly, they still turn out big losses. If the 4C says they made a loss, and the last umpteen 4Cs add up to over $100m in losses, I don't see how they haven't lost $100 million? There has never been a valuation of intellectual property to sell, so if they go bust I'm guessing they have nothing to sell and $100m losses will be $100m losses?

I guess I've got plenty of grandkids to hand my holding on to in another 20 years or so - the SP may be back to the 30 cents it was late 2019?