EML Australian breakage, page-5

I was a convicted investor in EML until Tom traded the stock from $1.40 then sold us out at $2. Chairman announced they trading ahead of budget then they downgraded. Whatever way you spin it it was grubby behaviour. In reference to breakage the regulatory risk was always there but Tom always downplayed it when we discussed it with him. We now live in a world where there are "nanny state" governments that are protecting consumers. When you sweep money from someone after 12 months there's always going to be a risk of governments stepping in to protect the consumer. Europe is the main area of risk and if I was still a holder that's where I'd be doing my research on this regulatory risk.