A lot of us here have been holding for 6+ years. Would you call that short term!
No use abusing Management!!!! So it's OK to say Jab1 will launch in 2012 then slowly draw it out over many years of crud to 2016? It's OK to tell the investors nothing? It's OK to dilute the hell out of it? It's OK to see the SP fall to 15c? It's OK to rip into what money we have to pay grotesque salaries and perks? It's OK to spend OUR money and yachts and overseas trips and DD's? We are supposed to see that as normal management practice?
Why should we know if we have lost any contracts, or whether Jab2 has any new business on it, or what revenues it is expected to generate, or anything else pertinent to our investment!! We are only shareholders.
You don't see a problem with any of that? At what point would you personally start to feel aggrieved that your nest egg had disappeared ?
Management must be held to account. To do and say nothing is to get what you deserve - NOTHING!
Of course it is high risk. We knew that when we signed on. But we also did so after reading voluminous amounts on the prospects, the timeframes, the comparisons with Avanti [I still have all that stuff from way back then], the plans management had [virtually none of which ever happened] so yes it is high risk but it was also tinged with a large amount of research most of which of course was supplied by the Company.
How could we possibly know the risk was not in the product but in the people delivering it.
Nothing material has changed with the plan, the concept or the proposed end game but the possibilities of getting there are getting slimmer by the day and we are told not to worry, management OK, all on track, high risk but high reward.
The risk factor has just gone through the roof, but due to the high dilution the possibility of a corresponding reward has just hit the basement.
NWT Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
