Once again claiming to know it all, I guess you get pretty intuitive parking cars for a living.
I made a decision a log time ago to stay away from management after the loss with the options, (that interest you so much).
Is it the fact that I can own up to my own bad decisions like a grown up, or the fact I could wether the storm and still average down after a huge loss like that.
While you continue to whine about the company that you made a poor decision to buy in the highs and can't average down on the parking attendant wages.
I cringe every time I write back to you, as I sound just as pathetic as you, but you need to be taught valuable lesson.
Don't throw stones from glass houses.
I actually feel for you, as you can't even see just how bitter and twisted you have become over a stock.
There is more to life than $SPX and bagging out anyone who supports it at any cost.
$SPX will either succeed or fail and either way we will rise or fall together.
You have had the opinion Adrian is incompetent and that even if you left your career, on a modest salary and took over the rains could do a better job.
Do you know how ridiculous you sound.
I haven't been happy with the SP and the speed of execution, however I am in no position to claim Adrian is an idiot or the company is a failure.
I see progress being made and have always believed in the tech, they have no competitors that can match their overall package.
Now I certainly couldn't have built this company from like Adrian and his team has, I think they are all nerds, (including Adrian being the biggest brain of all of them), not that he would confess to being a nerd lol.
In that said, to see you and the rest of the armchair specialist on here, that have come to purchase in a stock that they would have no way in hell the experience, skills, drive, or means to create or manage themselves.
This includes me and why I love the Stockmarket, as you can be clueless on an industry or tech like Spenda and still invest in the future of that story.
But to think you can then criticise their every move or their tech, sounds like you only understand up or down.
I am defiantly guilty of losing perspective myself, as you have spent a lot of time showing examples of this through your extensive research skills.
As this has taken a lot more time than anticipated by myself and the company.
However this technology is complicated enough that even with multiple webinars, I can honestly say that I still have areas that I can't grasp, (not being from a technology background myself).
So with that comes the territory of timelines blowing out, but even at a quick glance it's evident, that once this gets rolling, there won't be anything that can compete with it.
So anyone without the skill set of running a huge organisation, (I can tell you that my little business is a head %$#%), then trying to produce a technology on such a complex scale is nothing remarkable.
Given Australia isn't know for their technology skills, I'm sure even finding the right staff is a task in itself.
So maybe before you once again throw stones, maybe think twice about your own capabilities and why you need to invest in other brilliant minds to lift you out of the position you are in.
As it is evident that this isn't just a trade, or small investment for yourself, or you wouldn't get so emotional and bitter and feel the need to lash out at anyone who talk positive about the company who has shown your share account dwindle away.
It's obviously something you made a significant investment in, (according to your own means).
So ask yourself why you invested:
- Has that reason changed
- Can I see past the SP right now and see that progress is being made
- Can I get past the faults of what I see as red flags from management and move on.
- Do I think I can still make money on it.
- Do I believe the technology is a gam-changer, or will it be eaten up by rivals, or is it just not filling a gap in the market to begin with.
- Do I believe it will secure my retirement and get me out of the position I am in right now.
Then once you have honestly answered these questions, then if you are still a shareholder tomorrow, then I suggest you trust the experts and technology enough to keep your investment safe.
Even if 7c seems along way off from here, personally if things go to plan and the speed of on onboarding is improved that 7c could happen in this calendar year.
I think that with Lime-pay and their technology, combined with the amazing team of nerds, (nerds isn't meant to be a dig by the way, I wish I had their skill sets), we will see a significant change in the revenue starting to be generated and then flowing into quarterly's of consistent growth and actual profits.
But I'm sorry I sound obnoxious, I'm far from it, but you my friend are defiantly someone who comes across as knowing it all and it is always right.
From where I sit, I would just pray to god that the brains and eco system can get this one right and make us all rich, cause I'm with you and b#$%s deep on this one.
We are just spectators that really don't have any experience in this field to be criticising or offering advice.
Sure we can speculate and whine, (like I have admitted to doing, so don't bother with old post), but if we don't believe the management are right fit or there is no future here, we would just sell.
Personally the progress being made in the last six months, (huge contracts being won), the lime-pay accusation, (which is so important to the success imo), people not grasping the importance of this), and new approach from management to be more conservative and reserved.
Has been the factors of me personally averaging down whenever I could and the best and most important decision I have made to date, even more so than to sell those dame options.
As the options are a short term win or loss, the heads are securing your seat at the table for many years of projected success to come and to be in at the lows now, is defiantly a relief from being in at 7c.
I'm very comfortable with my investment now after asking the tough questions myself and then taking action accordingly.
What will you do, besides criticise, (but offer no solutions), whine and call the heads of management.
While continuing to hold, well that is just insanity right there, (it's like staying a relationship with someone you can't stand to look at anymore and can't even smile at each other, only attack and criticise, because you can't be honest and take action on how you really feel).
Good luck to you and as much as you hate me for holding and losing all that money on options, I still see you as my roommate in the same boat and wish you all of luck with your investment.
(20min delay)