Ann: LIO 2011 Annual Report , page-3

every day the shareholders become poorer,and the people running the show get richer.


it is strange there is still any sort of buying support for this company,as it is becoming clear that ordinary shareholders will never get their hands on any of the company's cash. at least asic stopped the cash going into a bottomless pit in china, but the next deal will take a lot of looking at. helps to think of the shareprice not being cents in the dollar of cash backing, but reflecting what people expect the cash backing to be after the directors have had another year or so of managing it.