Pet, I've owned from memory since end of 2007, so I guess that would make me long term holder.. I never said management hasn't stuffed up in my eyes, I wrote emails to Have no reply on many occasions. Especially during the performance rights issue. I mean all u can really do is vote no and hope everyone else does the same. But just to put things into perspective, you invest in a company that has a market cap roughly worth the same as first years net profit, So lets say even with a lowly PE ratio of 3, without much more dilution, people are hoping to double, triple their money from today's prices, in a relatively small period of time, on any scale that's a huge expectation. But what people need to realise is high returns equals high risk, so you need to expect that things aren't going to always work out, you've invested in a company that isn't producing anything yet. So the risk is big. If you want happy stories and good management and are happy with 10% returns buy coca cola. If you buy a high risk company, well expect risks.
TYX Price at posting:
55.0¢ Sentiment: None Disclosure: Held
