I have held this stock for quite a while now. I bought at a high price and have watched it do nothing but fall for some time. Because my holding is only small I decided to not bother getting rid of it during the slide. When the rights issue was announced I felt that this was an opportunity to triple my holding at a price much reduced from my original stake. This coupled with the free option it was hard to pass up. My gut feeling is that these guys are in it for the long haul and are determined to make this company a player. I feel that this is reflected in todays director buying. Having said this I will reitrate that it has certainly been a frustrating time for long term holders and I feel that many who may have taken up the rights offer will be more than keen to recuperate some losses in the short term when the new shares reach positive figures.
I like this company's determination and direct approach to its stakeholders, but as an inexperienced investor in the speculator market I would much prefer to read opinions from more seasoned observors/investors.
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