For those who think there is big upside here and want to average down think about the facts:
1) Operations have been sub-par for several months.
2) Operating cash burn has been material.
3) No guidance has been provided since the AGM.
4) There have been HC posters who claim they have spoken with management team members who have been told that things are now OK (ie recovered) when things are anything but OK.
5) During the last couple of months, it appears that the CEO has been attending job interviews. The CFO resigning and the previous CFO leaving the organisation late last year are ominous signs.
6) I got sucked into believing that 4) above had some merit.
I took today's price hike to sell the other 50% of my holding after selling the other 50% yesterday. I took a big $haircut but can now use that capital to buy stocks with better fundamentals. I bought RMS today. I suggest that people compare RMS to TRY and DRM. Some companies hit a bump and some have huge systemic problems.
TRY Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
