CGNR29 Dec 2016 17:42
Market cap probably around £1.3m now. This must be the lowest it has ever gone. I cannot remember the share price this low. We are now at a share price equivalent to about 0.13p in old money. That is very embarrassing for the company, given that their stated objective is the creation of shareholder value. So at this stage if you had invested £10,000 when this was 3p a couple of years ago, you would be sitting on £300 - £350. That is pathetic performance and the worst attempt at the creation of shareholder value I have ever seen. The company's reputation has taken a battering for some time now. Maybe S Fitz could step in to save things, but I am not holding my breath for that to happen, especially given his relatively tokenistic shareholding to date. I can't imagine any major shareholder here is enjoying their Christmas turkey given the current state of play. Yes the share price at the moment is unjustified. However the market dictates the price. The company's management need to remedy the current situation one way or another, or they leave themselves open.