Oh dear...14 Jan 2009 19:19
I'm sure the missus wanted to sell these, at a 20% loss, a few days ago but I persuaded her not to on the basis that a production up-date was out soon...!! I didn't think the up-date would be that they had produced pretty much bugger all...!!!
We have written our money off here, luckily it was a small punt but still an expensive lesson learnt in these hard times. I can't see any chance they have managed to find a new investor over the last two weeks or over the next three. I can't see any reason why the lenders would have pulled the plug unless things were dire.
I will engrave the Board members names onto my small brain now and never, ever touch any company they are involved with.
Light-hearted comment in this dark hour but the Finance Director will be forever known as Michael "gone for a" Burton...and that Chairman fella looks like Rodney's grandad or that picture was taken today at about 3.10pm.
I am sorry for all those like us that have lost their hard-earned and hope that you all recover your losses sometime this year.
I would like to thank the Board for their success here but they didn't so I won't.
Will remember to listen to the missus next time..:)