I have been a long term holder of YBR. Regrettably, I bought...

I have been a long term holder of YBR. Regrettably, I bought them too early. We win some and we lose some, that's the nature of ASX investing, and yes YBR has been my greatest disappointment. Founder MB has done a mediocre job in running this company to date, and yet paid himself generously. Its really disappointing that someone with such a large tranche of YBR stock, would also pay himself so generously and drain the limited resources that this company has had. In other words, all the past shareholders have suffered significant losses whilst the founder has been earning the sort of money that others can only dream of.

I do support the thinking of the last few posts that there must be some newer and more capable management in place, as some hard decisions have recently been made with downsizing. Lets all hope the new YBR management team are able turn this thing around. Recently I topped up at 15c because I think there is finally some upside.