Ann: Placement to Existing Shareholders-ICG.AX, page-84

You misunderstood me.

He only bought he's ICG shares recently 250 000 .008 and then another 600 000 at .0125. He got out without making any money here.
In the last 12 - 14 months, he basically chased the shares that are moving and ends up buying at the top and selling when they drop out of lack of patience.
He is probably the only one thats managed to lose on WHC in the last few months.
KNL was a huge loss, for him as was NRT. He bought into the RCE IPO at 20c and averaged up all the way to around 35c a share, kept buying. Then they dropped and he sold what was eventually left at 19c to buy ICG.

Its quite incredible and for me so frustrating to watch. He is a bit of an old school guy, almost 70, cant even open an email so internet is out and really living in the days where everyone bought through a broker. I was not around then but I dare say trading nowdays with bots and a million daytraders from home must change the way the system works.