I was lucky to make money on this stock back in the day and recall the production line commission issues very well. At the time, it seemed to me that it was a case of accident prone mismanagement. With the benefit of hindsight, the compensation settlement with the equipment supplier suggests that it was not entirely management's fault so I'm prepared to give them the benefit of the doubt.
Whilst one swallow does not a summer make, the latest 4C is encouraging imho. The departure of WOW from the register (which some viewed as a plus) was a handbrake on the business imho and I'm glad to see the back of them. All of this together with a decent product and private equity sniffing around craft brewing gives reason to be cautiously optimistic imho.
I've taken a small a position and will reassess when they release their next 4C. Hopefully, their long suffering shareholders will be rewarded in the fullness of time. Time will tell.
GRB Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
