When I originally invested( if you can call it that) in whn, Steve noske was being spruiked as a genius with insider contacts that would guarantee drilling the Seychelles and then buy out by a major at a significant upgrade.
This was my first and most expensive lesson in share market investing and re enforced a few rules which have since helped, number one, don't believe the hype, number two, take a profit when the chance arises and number three, when the stock forums are going crazy over a spec stock..... get the hell out.
I hope the new management can make some money for some of the original holders, I am so far under on this one I think I need a share price of about $1 to break even.
Lesson learnt
I hope Steve learns a lesson or two in jail, hopefully by some disgruntled ex shareholders who have had to turn to crime to make up the losses that this bloke caused
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