It’s a weird feeling knowing we are going to get wiped on the open tomorrow and that’s been caused by management, and not for the first time. Even though in my heart I’d hearts I knew they needed cash I still can’t believe they kicked us in the balls with another heavy discount. I fully expect the floodgates to open tomorrow management have proven their word or sentiment is not worth the paper it is written on, this is a lifestyle company IMHO and I for one will be bailing out at a loss. I feel particularly bad for the long timers who have lost a lot more than me.
The biggest issue I had with ICGs CRs is there was never any carrots after the raise, just more stick. If I had thought they had good news in the short term to help the SP recover I would have backed them a little more but alas good news to ICG, is like their prospects to date, barren. All IMHO.
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