Hi Folks
PSX has been very, very disappointing over the last few years despite any number of board changes 'and the next big thing' investment.
Shares have been diluted by multiples.
They have promised so much and have delivered so little.
I have watched with interest the companies the directors are involved with....the companies that have been 'saved' so to speak.
Analytica and Bresagen inparticular.
These companies are shadows of their former selves.
A lot of money has been raised for these entities and a lot of hype has been created and millions eroded.
But back to PSX, take a look at the Chairmans reports these last few years and you might get an idea about how these guys have managed to continually rise millions.
I thought PSX and ALT had turned the corner these last couple of years.
The share prices speak volumes about management and their inability to create shareholder wealth.
The good news is that if these companies do have anything going for them (and 'on paper' they 'appear' to) they are worth monitoring as one day' they might be worth a closer look.
PSX
psiron ltd
