I hear you. I have learnt a lot from this experience too. I try to be optimistic, but the odds aren’t great here. Wonderful things have been promised by, for the most part, well meaning management. In nearly 40 years of investing, I have watched a lot of promises fall to dust, even from talented, invested entrepreneurs.
Clearly this investment is a “Hail Mary “ on my part.
Without trying to labour the point, I like the price, the management commitment, level of investment, dynamic environment, predatory disruption, innovation and sheer determination that is currently being displayed.
It may all turn out to be futile, but for the minuscule investment it takes to be exposed to a potential monster, I will continue to roll the dice.
There isn’t a bid to get out, so why not?
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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