Ann: Management Change, page-305

So damn brutal, this is just unbelieveable the amount of shareholder value that has been destroyed here.

Positive is, its only possible to go down another 3 ticks from here.

Been a tough painful lesson, It really is sad when you see how it all unfolds for so many of these companies on the ASX, directors and the rotating CEO role getting free shares and salaries for years, just keep raising, whilst achieving nothing, then they will do a consolidation and name change, and do the whole thing again.

Pays to look at management of a company deeply, thats the main thing at this end of the market, need quality, often time these companies are a great vehicle for management, directors and CEOs along the way, who get paid great salaries and free shares, but horrible for shareholders who fall in love with the story and then lose all their value.

Anyway until they do a consolidation, which no doubt they will do , there is limited downside here, Even going and trading back at 1.5 cents now, seems like a dream (300%+), and that price was crap just months ago. Congrats to those that had the foresight and took the hit, wishing I had done the same now.