You keep posting these philosophical nuggets but you display no interest in engaging on any genuine discussion.
What are your thoughts on likely next steps from here? Given the current share price is trading well below 15c I'm wondering whether we're nearing a point at which a private placement might be necessary.
Clearly there isn't a lot of retail demand at 15c (at least with current management in place) however if BB was to take a larger stake now that might be a catalyst for a rally (which would have the effect of costing him more to get full control).
This dance isn't over, it's just getting closer to the interesting bit.
Non-acquisition investing isn't a one and done. Defending a poor decision for years with no capacity to engage or reflect on the reasons or what might happen next is the opposite of what Munger's on about here.
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