Farewell29 Mar 2019 11:08
That's it.
Significantly invested over the years, saw it soar to 80 pence, then retrace back, then bounce back up with Abramovich, and then retrace again. Had a gut feeling that it wasn't sustainable so took profits and are sat on what are effectively free shares.
Continued to have an interest because I believed that it was an integral part of a lower carbon future, but have seen very little by way of apparent progress over the last few years.
As a result I am becoming bored with the whole charade and as a result am now effectively closing the book on the thing and have mentally taken the write down on the investment (OK pedants, O know that the shares didn't cost anything because of profits taken, but there's still a profit opportunity cost). I therefore now have a sell order in place and propose to leave it there and await either the news that the sell order has been enacted (if so, then jolly good) or alternatively that the company has failed.
The fact that this board seems to have degenerated into a "two tribes" thing where it's not possible to comfortable sit in the middle ground (coupled with the amount of name calling and childish behaviour) means that the board is no longer an interesting place to visit, as it's either about mudslinging or delusional wishful thinking or de ramping, none of which actually adds anything to the conversation.
Same, it used to be an interesting diversion, but it's now just tiresome, so farewell and I wish you all well.
Please don't take this as a de ramp or anything else, it's simply that I've lost patience with the whole thing, and feel the need express my feelings about the degeneration of the integrity of the board.