It is Ok - I feel it is a well deserved "reward" for greed and stupidity. My opinion of Renshaw was that he was a rubbish manager and that generally the company hadn't been well managed for years. When the share price started falling I bought back in (having sold out previously because I didn't like them). So broke all the investment rules......
After a lot of squirming I am now only down $80,000 (which is a lot better than over $300,000). So I will just hang in and wait for a bit. I am resigned to not getting my money back, but every bit of price appreciation helps.
Given that Crescent holds a big chunk of the shares, I don't think anyone can buy it unless Crescent agrees, so I am hoping they are greedy, rather than wanting to dump with a small profit
Ann: Daily share buy-back notice - Appendix 3E, page-42
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