Ann: Appendix 4C - quarterly, page-198

I've owned AHZ since 2014. I've never sold a single share. I am the polar opposite of a trader, I'm an old-fashioned buy-and-holder.

And because I've been along on this particular ride for quite a while, I speak about AHZ from experience.

And yes. Yes it is on the ropes. The company spends too much, makes too little and doesn't have a whole lot in the bank. Reality check, that puts it on the ropes.

I would love AHZ to succeed. Like you, I've held and continue to hold because I see the potential. And honestly, who doesn't want to be part of a company that saves people's lives?

But I am seriously worried about it. It's not looking good. This is not emotion talking - my holding isn't huge. I won't cry if I lose it. It's a small part of a much bigger portfolio.