Just because their failings have been on display for a while does not excuse it or make it OK in anyway. In all my years of share investing I have not encountered a business which has this issue to this degree. When I purchased my shares, the normal checklist I tick off before I buy did not include checking for a secretive culture. It was only in the months after my purchase as the share price began its steady march south that the realization dawned on me - and i felt frozen and sick. Now don't get me wrong "Caveat Emptor" applies so its my own lack of diligence - my fault if you like for not learning more first. So I am not avoiding responsibility.
I also believed that the pipeline was real when I purchased. I have a theory that if the pipeline is more than just a Powerpoint presentation now (lets hope it is), then I must assume that nothing being worked on back when I purchased was of any use going forward. Otherwise why else are these pipeline projects only getting started now? Wouldn't there be one with a few steps complete? What were they doing?
I am not often shocked, but this one shocks me.
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- Ann: Acrux Appendix 4D - December 2015
Ann: Acrux Appendix 4D - December 2015, page-42
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6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.47M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $2.075K | 31.02K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 480468 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.7¢ | 41204 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 480468 | 0.065 |
1 | 71240 | 0.064 |
1 | 20918 | 0.063 |
1 | 60640 | 0.062 |
1 | 10000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 41204 | 3 |
0.070 | 107594 | 3 |
0.072 | 30000 | 1 |
0.075 | 15000 | 1 |
0.079 | 50000 | 1 |
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