McInnes chair CCX, page-42

The retail tide might come back in but every cycle some retailers drown.

You'll note that I don't have a Sentiment on CCX. It's entirely possible that Blundy or someone else will come in and make some sort of offer in which case current buyers might make some money. It's also possible that their niche has been chipped away by others and their overall setup is simply uncompetitive with better capitalised players so the only way to survive is to raise Capital such that all existing holders are diluted to very little. A simple look at their long term share chart shows your tides.

I said all this on here and simply pointed out that when a company gets to this point it's highly speculative but NitNak would have none of it. We're taking a punt on some outcome in which retail holders don't get smashed. Well we're now down 95% from the peak. I just think it's time for NitNak to say "yeah, fair enough it's become a punt" and realise that calling it a buy all the way down from $4 and more and saying this wasn't speculative at best has been a tad silly.