While I am sad to see Duck go, I can understand.
My belief was that I was getting in early enough to have a decent share in something good. Not a big percentage but enough to make a big difference to a small time investor.
HGO lived off the smell of an oily rag, so to speak, for years. Somehow I thought we would get a decent size business by growing it off the kitchen stove, again so to speak.
Unfortunately, I have not added that many shares to my holding as the shares were diluted.
I was originally quite happy to sit tight for longer to debt fund and grow the business from revenue.
Now I get the arguments for the raisings and time will tell if I end up better off because of them. Maybe, but only maybe, in my view. Now VYR is convinced the raisings will end up being to my advantage and I respect that view - could well be right. A smaller share but of something much bigger….
Time will tell
I am still weighing up whether to increase my holding to get back to where I was. It will be a battle if I decide to.
I get that I am small time and have no say in it all. Power and money always calls the shots in the end. I accepted that many, many years ago.
Perhaps I should have seen where this was all heading….
So I can understand why some would see that it’s time to go.
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