Buck the norm15 Dec 2021 21:23
It's been, what feels like, years since I last posted on here.
The truth is that I expressed faith in the board and the company and bought in relatively cheap, watched the SP rise to £1+ and took my profit.
My suspicions were that the turmoil the company faced due to the legal battle, even without considering today's hellish judgement being handed down, would hugely knock shareholder confidence.
The appeal is merely a trade off for time.
Notwithstanding the costs involved, any appeal will only be successful if there has been a fundamental error in the application of the law, and unfortunately I do not see that being the 'case' here!
The next question to pose is, will the institutional lenders want to see the company being thrown to the wolves. Me thinks not either!
The above said I bought in at rock bottom today!
So why did I buy in?
Of course I believe in making hay, but I also believe in supporting the company during tumutuous times. So let's buck the norm!
Stay firm and leave negativity on the side lines.