Let's get it right shall we. Destra went down because it took over a company which would have given them a massive increase in exposure, but did it at the very worst time to do it exactly when Lehmann Bros went under and the banks that had PROMISED funding but withdrew it at the last minute with no notice leaving management desperately having to find funding when all legitimate funders had pulled out of the market and had to resort to desperate measures losing most of Dom's personally funded stake in the company due to that desperate attempt TO SALVAGE THE COMPANY.
To put CM8 in the same conversation as destra during the GFC is totally unfair and grossly misinforming readers. ONE, not 13 purchases by destra brought it down, heavily aided and abetted by IMO a totally incompetent administrator who had absolutely NO IDEA what Dom had done and was doing and got rid of him instead of USING HIM to help them understand. The administrator was a disgrace to shareholders and clearly was totally dominated by the late Paul Ramsay who could have easily salvaged the company if he had wanted to.
What CM8 has done is TOTALLY irrelevant to what brought down destra and I had a lot of skin in destra from day 1.
Dom HAS learned and I have absolute faith in what he is doing. Bring on the September QR!!! Hope readers don't miss the boat in the meantime based on totally irrelevant reasons.
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