RE: better things to come30 Jun 2014 21:36
Sorry for you and your friends, but why with your professional qualifications made you invest at such high levels and then lose so much. Were the accounts EVER acceptable to you or your mates?
I know accountants who buy the balance sheet, but fail to apply fair value, buy at the top, the get locked in.
Conversly they fail to get the story when circumstances change. They just can't read between the lines, they just stare at the balance sheet,the head says no, the heart can't take it. Did you make money on tcg? I did.
Pinn is at the turnaround stage, I never said cash flow is positive, but read between the lines, reduced cost, new business suggests improved cash low.
As I said before, the last placing was at a discount, a first for pinn, all part of the new management style.
I don't expect you to get over your loses but try to accept the turnaround is in full progress.