fund raising, page-7

Hi Lockitt.

Amongst other things, my point is they shouldn't put their IP on the line and 9% is a significant premium to pay. The more I think about it the more it sounds like the type of deal a private equity firm would arrange.

Anyway, I held shares for about 4 years and participated in a number of raisings - the company has a great story and great potential. BUT as an investor my objective is to make money and limit losses. You can't buy a stock and just keep your fingers crossed hoping that management have it right this time!

Being sentimental about a stock has no place in investing. Active investing prevents further loss. The trick is to know when to get out. I'll be happy to be proven wrong about this stock.

You can call that sharemarket parasitus if you wish, but I prefer my strategy over the buy and hold in faith strategy - also called sharemarket paralysis.

Cheers