RE: Zues Capital Research note 1st May5 May 2024 02:36
It's a pity Richard Sneller reduced his holding to zero.
Obviously he sold knowing his investment never be in profit (after dilution).
Sensible move capital gains taxes ect off set profits else where.
Bought a few shares the other day purely as an high risk opportunity only, previously invested, but was frustrated with lack of management skills, maybe a change now is due.
With shares in so many lose hands, any likely takeover will result in a pitiful return.
Hence my view losing a large shareholder.
Maybe only maybe things may turn around.
Time will tell.
Note: horrific situation for LTLs.
Do you average down or sell.
Just maybe Richard Sneller as called it right?.