Thank you adasor. On HC we are all just trying to share our...

Thank you adasor.

On HC we are all just trying to share our experience and hopefully learn from each other. I did not wish to "preach" and similarly I did not expect to be personally judged by another poster.

Every long term investor investor in LYC has gone through the emotional clothes wringer. It has not been easy for anyone. Those both willing and able to back the company and its investment thesis during its years of capital starvation have prospered. The deeply discounted capital raisings and SP offered everyone a chance to significantly lower their average cost. The "opportunity" was not easy to take up and demanded courage without any certainty of outcome. Like most investments do.

Those stuck in their own psychological quagmire and unwilling to support the company, may well be still deep in the red. I believe that is the responsibility of the investor, not the company.

As you correctly point out, anchoring to an initial purchase price is the enemy of most investors and must be fought. It is a learning that always needs to be respected as the impulse to justify one's earlier investment decision never goes away.

I would think the current CR is a positive move by the company and part of its value enhancing growth strategy. Each investor is free to see it differently, but if they make poor decisions should take ownership of those decisions.

I wish all investors in LYC the best of good luck. Just an old man's view scarred by many decades of financial observations and battles.