"But I backed the Board as they had 10's of personal millions invested themselves. I cannot comprehend how they could not get a deal done with all their personal stake. That is what gave me misguided confidence"
That is exactly why i held on as well even though things didn't look right and my gut was telling me to sell. I genuinely believed they wouldn't let it fail due to how much the board had invested in it. Funny how i mentally prepared myself to sell at 40% loss and then we went into TH. now 100% loss - big lesson learned
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