Greetings Lenny,
Not too sure if they realise that even Company Video updates are classified as Market releases even if not "sensitive." A lot of things have been mentioned previously but nothing has come to fruition. Deadlines not met, MOU's mysteriously never spoken of again, CTO leaves, CFO departs, $4 in revenue in 3 months?
I hope investors can get their money back.. I really do. However, i am not sure how TTT are going to get themselves out of this one. They seem devoid of answers or solutions.
7 years ago, I lost a lot of money on a speccy called Linc Energy. When they finally went into Administration, I was angry at myself. Couldn't believe how stupid I was......listening to CEO'S (Peter Bond) B.S. Like TTT, Linc also had many CR's, ploughed through money, spent like drunken sailors, had supposed world best technology & had a CEO who promised the world but under delivered. I lost quite a bit but wised up. Invested in Banks with good Div's & recouped most of my losses. I hope people are learning from my past mistakes.
Be prepared to walk away, cut your losses, stop listening to spin & invest in Solid Blue Chips. Hang in there Lenny. All is not lost untill the final whistle.
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