Hi, The chart says 54c 10 years ago. No matter how much of a really clever , really nice guy he is . No matter how much of his own money he has put in Ruane has overseen a mess. As far as anyone who bought in then, over 90% loss suggests a change of emphasis needed.
They will need more money this year , they may well find that they need something more than " trust me , sometime this decade there will be sop" , to raise any money. This kll project screamed out for a joint venture, or a large placement , but , of course , that might have risked control issues for management. I hear the cry that he is cautious and at least he hasn't gone broke, but frankly the difference between 100% loss and a 95% one isn't that great. cheers
RWD Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
