sophisticated investors have been accumulating this stock for...

sophisticated investors have been accumulating this stock for years at significantly  higher prices to current market . look where they ended up ?
I dont see any placement shareholders at 1.5c celebrating their 87% loss with a bottle of 1985 Grange .  All I see is pessimistic and burnt investors who would be reluctant and unwilling to re invest in what is at this stage a set of plans  . And although the plans do look quite impressive I would be surprised to see anything get off the ground .
After nine long stagnate  years in this stock and a succession of incompetent and bungling Directors who were unable of delivering anything relevant and of any intrinsic value to Shareholders I remain reluctant  as I have seen all of the glossy documents promising change to Shareholders and have heard all of the accompanying spin ( bullshit ) before in spades  .  I hope the Company has some success with the new Director and is able to turn the current situation around but I remain skeptical .