Food for thought, page-10

@joewolf

Great post yourself. I found your comments interesting to read indeed. Thank you for sharing.

Re the May result, I didn’t want to make my post even longer than it already was – but yes I did notice that.

The other reason for not talking about it at length was that I really didn’t want to come across as overly being biased one way or the other. The other members of this forum don’t need some chump coming on here and espousing how bad things are and be overly negative – the share price speaks enough and holders have been through some hard times and it’s never fun or good to lose money. I feel for everyone. I have been doing this a while and the first dollar I lost was just as hard as the one yesterday.

I wanted to almost present a unified summary, or synthesis if you will, of the last 12 months of posts and company activity – to provide “food for thought” for future discussions. A baseline that we can then work from. I cannot say whether I succeeded, it’s not up to me to determine that, but others will decide. I can only hope to add to what has been some great discussions thus far.

I do thank you for your kind words though.

There was actually a version of that post that was much longer but I decided to cut it down.

The only other ‘fact’ that I choose to leave out of that post, but perhaps I can raise it here (but again its fact and I am not trying to push an agenda)…is Justin’s sell down of some of his personal holdings in ALF in December 2014. You can search for the Change of Director Interest Notice on 19 December 2004. The 150,000 shares were sold out of the Eliza Braitling Foundation Pty Ltd. On 19 December 2014, there was a Change of Director Interest Notice for WMK – the additional 238,000 shares acquired were acquired under Eliza Braitling Foundation Pty Ltd.

This is all public record and fact.

I recall from the October/November 2014 presentation, Justin talked about how WMK was trading at a discount and was aimed to be ‘market neutral’ (I really dislike that term now haha!) and he thought WMK was the better buy given ALF was more or less market neutral as well – “so why pay a premium for the same strategy” (not my words).

At least he followed through with this view with his own money.

Take all that as you will.

Look at the chart of the price over time and those dates. DYOR J