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07/02/20
18:33
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Originally posted by cutty:
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It is ridiculous, and makes you realise, in retrospect, all the mistakes along the way. I still look at the amount of money spent on remuneration and shake my head. Having said that, there were countless reports outlining the outrageous remuneration packages relative to its size. I guess I fell for the resume and the false belief that being American he could do something an Australian couldn't. Stupid mentality and has clearly shown you don't get what you pay for. The blame game is easy, but all the signs were there that it was blindly chewing through all the capital with little regard. I accept the risks were there to see. I sincerely feel sorry for those that have lost a substantial amount on this stock. I have lost an incredible amount, but given my age, should be able to move forward. Nonetheless, you will never see me invested in another somewhat speculative stock of this caliber. It doesn't feel right calling it a speculative stock by the way. Especially given the false information that was disseminated regarding approvals etc. To think I invested so much energy (no pun) into this stock for so many years, makes me want to cry, if not get very angry. It really is a sad case of mismanagement, misinformation and greed. As always, the shareholders are the ones to pay the price.
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I agree, but it's not over yet Cutty. I'm aware that it's almost as bad as it gets but it's not over yet. Anything can happen.