wrxsti , nicely written .What you haven't emphasised is to this...

wrxsti , nicely written .What you haven't emphasised is to this point the huge wasteage in shareprice value has been on the watch of those great leaders - those exact same people that the true believers(shareholders) backed from the start .So if these great leaders are so all conquering ( & always come out on top -in the end , as you seem to be saying ) how come they devised & implemented such a flawed model .A model which they have repeatedly asked shareholders to financially prop-up . So how could people with such a track record get it so wrong ? If they are so powerful & so well connected , why hasn't a major company stepped in to back them with a 50/50 joint venture ? Why have they gone ONCE AGAIN to the shareholders to save the situation , this time with a massive rights issue at a dramatic discount to a fortnight ago's price .Most often after these big issues , the stock bought at 4 cents trades at a fraction higher than 4 cents