write off

Hi all, been watching your posts, Scotty and Freeo ( and others ) have provided some well thought out commentary.
This Co will be a write off for shareholders - taking maybe another year to reach this pinnacle of success!
It's easy for directors to place in front of their comments that they ensure they are transparent quoting asic and the asx as the minders of their relationship between themselves and shareholders.
At the end of the day they have so little hurt money in the business and SG at least gets quite a good hit on our money including a bonus ( don't know what for - maybe it's for his "front" work.
Some of the larger - early shareholders - including me who holds more than the directors - have lost faith. We have a lot more cost than most recent holders and all I talk to have adopted a "writeoff" attitude.
There appears to be little up their sleeve. The small % ownership of prospects is Ok when you indeed have some worthwhile "prospects". Otherwise it might be worth a go and pick the "best prospect", try and buy others out, and then just go for broke!
There is no way I will participate in further placements and I doubt sophisticated investors will either.
It will be very unlikely, even with good success in the remaining small holding prospects, that this Co will ever see a SP of .10c.
Good luck to all holders.