I agree with most of what you say and what Stace says also. Management has made a mess of RSH with their statements. And the fact they had a go at ADR without getting the Wheezo product onto shelves and being sold in volumes is bewildering to me. But it would help if you remembered it was never really about Aus/NZ. Europe and the USA are the markets. Making a bid for ADR without having solid sales etc., wasn't a great move. Then RSH released that announcement the other day blows me away. Why would ADR accept their offer after that??
I still believe in RSH. Time with either proves that right or wrong. I have patience and the ability to trade RSH's price movements. Luckily I'm still not holding a loss; nevertheless, it's been a rocky ride from 25 to 7 as it was from 3 to 25. Just think about those investors that took the placement at 20??
Sometimes everyone can be right and wrong at the same time!! The markets are challenging no matter and trying to be right all the time is impossible and why many fail. That's a lesson I learnt yrs ago.
To finish on a more positive note. Rsh does have 9.9mill cash. When you look at the market cap, product, and future marketing, there has to be upside going forward.
RSH Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
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