My little thought of disapointment was back with the decision to...

My little thought of disapointment was back with the decision to consolidate the shares 20:1 in the first place.

At the time what was deemed the reason/benefit of this..

1) To bump the price to over a $1 so that institutions would buy in.. fail!
All it really did was provide a higher base to sell the share down. (I know that in the crux it is the same thing, but subconsciously, when coming out of the GFC a share at 7c is less likely to be sold down than the one at $1.30)

2) TO try and avoid a buyout.. fail!
Back at consolidation I was all for a buy-out given how pathetic management was and deeming it as a better 'quick fix' than a share consolidation.

So all that we are left with is a delayed buy-out offer, which in my opinion has reduced its effectiveness, given that the price continued to decline post-consolidation, AND has tied up our capital for that much longer.

Down to the wire, whether it be a good offer or not is a question of personal preference, but for me I am contemplating whether I sell now (which for me, will luckily put me at a breakeven point) and thank myself for getting out unscathed, or hold out and hope for a higher bid? Right now I am leaning towards the first..


I think it is appropriate to disclose that I got in during the GFC, so bought at what I thought was at a effective base price. When comparing to those who held prior GFC, I am lucky.