RE: Lol aim at its best5 Feb 2018 14:08
Less to do with being 'bitter' mate than the lack of clarity from the company. I bought in with Kono being a major asset - and the company spent $19 million developing it.
The loss of the licenses, in 2012, came out of the blue and had an immediate negative impact on the sp, obviously. The company maintained however there was all reason to believe the licences would be reinstated. As a result of that info I sucked up the loss and held but refusing to average down. It was never publicly stated by the company (which I found out through research afterwards) that Kono had in fact subsequently been licensed to two other company's while this was all going on.
That process continued without any meaningful update until the asset was written off (impaired) in the Dec 2016 financials. By then, along with the suspension etc it wasn't worth selling out even if you could.
Believe me, I would have preferred to lose 50% than be sitting here with a 98.5% loss at present. I went off the information the company provided to us - which is apparently what all are doing now too.
Hindsight is a marvelous thing, isn't it.