Yes Mal Clay failed in a spectacular fashion imo.
However I also feel he is a victim as well.
Guess when all this is dusted and filed away, the sums will be revealed. I am given to understand (not by Mal) that the IP is not worth much. I don't know what to believe anymore. doesn't matter now anyway.
One thing I can't get my head around is why in the world would Mal continue to buy shares unless he thought the future was sound.
Mal tells me that he was not in contact with the board and knew nothing. I find that hard to believe, but that is what was stated.
As far as I am concerned I simply backed the wrong horse. I had faith in Mal's ability to turn around the company and it simply failed. The big shock to me was how quickly it all happened totally unexpected.
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