Good to see you rate nicks abilities. I think he has enough experience and common scence to run and build up a company of pinns size.
The 'going private' scare story's have been doing the rounds for years and years and years. Boring.
I think all the issues of the past are being resolved now by good planning and management rather than boardroom spats and throwing money at it. Also the eccomy is gaining strength and investment is increasing.
Profitable return to growth should see the market cap/sp flouish.
Good luck to you too in your other investments. Live long and prosper:-)
I actually made £3,000 in total, having at one time had £52,000 of PINN's shares, but I saw the writing on the wall, baling at 20+ I've read Nick's cv; a very impressive list of companies but he's never been a CEO... If you've followed me before, you know my view, this company will get taken private... Best wishes
Compared to last year I'd say operational progress is far better, so much progress made in such a short sapece of time since nick arrived.
PS. Meant last placing at a premium, and fully taken up..
I said a while back, take a look at nicks cv. Redknight one of his qualifications in PL. profit/loss, being an accountant you should know the importance of that, and be assured the right guy, with an eye on controlling costs is in charge.
Sorry for you and your friends, but why with your professional qualifications made you invest at such high levels and then lose so much. Were the accounts EVER acceptable to you or your mates?
I know accountants who buy the balance sheet, but fail to apply fair value, buy at the top, the get locked in.
Conversly they fail to get the story when circumstances change. They just can't read between the lines, they just stare at the balance sheet,the head says no, the heart can't take it. Did you make money on tcg? I did.
Pinn is at the turnaround stage, I never said cash flow is positive, but read between the lines, reduced cost, new business suggests improved cash low.
As I said before, the last placing was at a discount, a first for pinn, all part of the new management style.
I don't expect you to get over your loses but try to accept the turnaround is in full progress.
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