Bazz, Excellent summation. But retail investors like me hold only 28% of the shares. We can not change anything in the company if the institutions support the current lousy establishment. It should be forwarded to the institutional share holders like HSBC and J.P. Morgan, these institutions hold 72% of the shares and can vote the whole board out if they want to. I do not understand why they did not do anything until today since they lost a heck of a lot more money than we did. In my estimate they lost just since Feb. 2012 about 1.3 Billion AUD. Retail lost "only" about 500 Million. I don't understand why the institutions are not doing anything about it so far. I will appreciate it if someone will explain it to me.
LYC Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
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