re: Ann: 2012 half year financial results ann... Wo betide!!!I...

re: Ann: 2012 half year financial results ann... Wo betide!!!

I said we would get belted

We didn't just get belted we got smashed.

As hoards of shareholders rushed for the exits chasing higher return defensive stocks like Telstra that are paying fully franked dividends, some of you are still really happy with Burgess's performance.

I don't believe it.

Now does my statement that TB is shareholder wealth destroyer strike home.

The crazy consolidation that put us into a multiple dollar

shareprice and as such was easier to be moved at will by the instos still has me shaking my head.

Do you really believe that we would be 0.73 cents if we were still at the preconsolidation prices

The share buyback has cost us $50 mill compared to if we had of started it now.

Even blind Freddie could see our shareprice was going to drop as this CEO refused to take the necessary steps to find a solution to our short term growth problems.

Are we still going to be happy with his performance as our shareprice drifts down to our suspension price 0.50c

I doubt it.