Fact is: we have done our dough here. Not much use hanging on to fake hope. Paul dumped us in it and then did a runner. Now we are stuck with a shell with no inherent value (as per current sp). CR will have to happen but a brave man or woman who is prepared to throw good money after bad money given the the TNP experiences in China. Whether incompetence or lack of experience to deal with the Chinese it does not really matter; either way, current shareholders are screwed. Any capital raise (at discount to current all time low sp!) will dilute the heck out of anyone not participating. But those participating have not an iota of comfort that their money won't disappear just as quickly again. Talk about a Damoclean threat! For whatever it is worth, this little vegemite won't be participating in any future capital raise. Write off. Time to move on. Ah, the wonderful world of investing!
TNP Price at posting:
2.3¢ Sentiment: None Disclosure: Held
