Well folks, there we have it, the company side of things anyway. What the other mobs' situation is, well, I wouldn't have a clue, but they have come in through the back door. Big red flag for me.
As presented, I am with current management. To sum up, I look at the recent disaster as a failure of the science behind the company and not of the business or company management per say. This scientific failure has put the company in a perilous and perhaps fatal situation.
[I sympathise, and empathise, with those who have lost, especially those who have done so to the tune of what they could not afford (which includes myself to some extent). But I also recognise this end of the market is a truly risky undertaking and some of those expressing strong negativity towards (especially) current management, should have considered the true nature of the risks involved before investing in the first place. Vitriolic hindsight achieves nothing, whereas acknowledgement that more prudent foresight would have been a better course, can.
There is rightly no overall free lunch when attempting to gain grand reward for little effort in any singular speculative company. The risks are immense and failure occurs time and time again, invariably producing similar 'management blame' reactions. I consider a more inward reflection to be more apt. Acceptance of personal responsibility is the key.]
FTT Price at posting:
0.4¢ Sentiment: None Disclosure: Held
