The obvious steps to improve the business will never happen now. Obviously the board and management does not see any problem in not having a disciplined business which works for holders. Clearly anybody who wants change either gives up or is pushed out.
I had hopes for trading higher with the new directors changing the culture but no go
Sooo...given I still believe in the product and even more in the cash pot. I will buy more at some stage - not now. My view, as usual, is in line with slogger - we will be lower going forward
Also I have accepted that the new products will be very slow and very expensive due to the culture. Hopefully I will get my money back in five years
Nothing else good will happen for years in my view. It's a tough lesson in not investigating enough before buying
ACR Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
