I Bailed18 Sep 2017 16:10
And wrote off £22K here in the 7's on a large holding.
That sort of hit hurts, and reminds me why listening to my gut is important.
I overlooked the 'Burning show leather, Ice to Eskimos' and other unsophisticated phrases whilst wondering why the BOS products launched by The special Indian sales Centre has only managed to sell 50 seats in 10 months.
MT has been the entire driver of BOS and 'sold a story' to big corporate types like Bill Brooks.
If Bill announces he's stepping down as he may well now feel he's been cast adrift, then there won't be any sales at all, let alone one's in excess of £20M over a 3 year term.
MT's sudden departure certainly rocked my confidence, and whilst I tried to maintain a positive angle whilst watching my losses steadily grow I realised I was kidding myself, and that I needed to put the remaining Capital into a Company which had an established future.
Fortunately I re-couped those losses buying heavily into IRV around 72p.
Will I re-invest in BOS?
I'm going to watch, wait, and see how this develops, but I'm currently a very disappointed former shareholder.