I lost out with completely with RCR and now A40, down on PLS,...

I lost out with completely with RCR and now A40, down on PLS, AJM, AVZ, WBC, APX, BRN, SYR, PGC, PME, POW, SFR, NZX:THL, NZX:SML.

We profited from AMI, BLA, BAT, SAR, SRV, RSG, VMC, NZXPH.

Overall I am down over 30% - A40 is the second alongside RCR that was marketed as reputable however someone has been cooking the books. I bought into A40 in January thinking that the worst was over for the company and it was showing green shoots. I was aware of the debt obviously however did not see it as a risk - I did not perceive that management would trade insolvent and then throw shareholders under the bus when D-day arrived with Tribeca. A CR would have kept the company solvent however for whatever reason this was not done, after PLS and AJM have both recently had successful CR's in differing forms.

It has not been a good year for many. Not a good year for me either.