RE: Farm out26 Oct 2021 14:45
My biggest fear here is the BOD awarding themselves some huge extra bonus for the increase in business that will further alienate the long suffering PI's who haven't had nearly as much a return.
I've been here since GWIK and at one time was 95% down, I'd still be 80% down if I hadn't averaged down everytime I had some spare cash, basically all the extra hours I put in went into this share. After MANY years I got down to just under 12p and therefore in profit.
While all that was going on the BOD were taking salaries that effectively, through placings, was PI's money.
And the alledged leaking of a duster ? That instilled a mistrust that was almost forgotten until the last huge placing at 7am in the morning that caught a lot of people out but somehow the II's were up and about and buying in.
I understand the logistics of I3E being listed in two different time zones and the reasons that may or may not have driven this decision but it still killed the SP and continues to do so.
That's the reason we aren't at 25-30p and it will always blight this company, if they pull another stunt like these I'm out and I suspect so will a lot of other LTH.
On the other side of the coin, the growth of the company has been impressive, such a pity the history will always follow it around.