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26/08/21
10:58
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Originally posted by NAF:
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I'm a former holder and occasionally check back in to the thread. It's really groundhog day. The commentary above could have been taken from the same thread a year ago or a year before that - in its substance if not the detail. A client's just about to be won, costs are about to come out, there's just a one off cost to get past - it's always just about to come good. Plans can fail for any number of reasons and milestones be missed. That's not necessarily a fundamental problem. But if there's no acknowledgment of failure and no accountability it's hard to see why things would turn around. There are stocks that have struggled for years and suddenly boomed and changed holders' lives, and I hope this is one of them. It would be nice to have another Australian success story. But my doubts about the quality of management sent me elsewhere, after copping a significant loss. So far I've not seen anything to make me second guess my decision. Not downramping - trying to share what was a painful lesson for me.
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Agree, I have sold for a loss as well. Better places to put my money. I have strong suspicions that there will be a capital raise in the next 12 months based on how much cash is left.