Ann: Change of Director's Interest Notice - Michael Cole, page-9

That fund has returned close to 20% per annum for like 20 years.

This in spite of, and after the massive drop... think about that.

I am not saying it wouldn't hurt if you are a new holder - but it gives some perspective.

That fund has been a gold mine for long term holders.

I think investors need to go back and review the old adage of risk v reward.

Regal have produced amazing returns based on taking on more risk compared to the market,

The Opthea debacle was horrible - but sometimes you need to understand they haven't smashed the benchmark without taking big bets.

If you are against those sorts of moves, you should be looking into an index fund, or like, not a leverage hedge fund.

RPL will recover when people slowly understand this.

The biggest threat I see to RPL is them taking a risk off approach, not backing themselves, and doing what every other manager does. That is, follow the relevant index so you don't have angry investors knocking down the door when they get it wrong.