Ann: Half Yearly Report and Accounts, page-54

Yes, I'm out. Didn't disturb the price as did off markets at $1.40 and $1.30. It's a trading stock for me now and at some point will be a great trade but sadly after 5 years of work made a decision to risk off after the $2 sell down from Tom and the average report that followed. I'm not going to be the hero and try to take on the tsunami of funds selling. It's gone from being "we trust you to make the money Tom to "show me the money Tom". Funds that bought at $2 would have no interest in backing or believing Tom now. Pretty sad all round and I fully backed Tom, holding my shares after he sold at at $2. All over now. PIE just ceased being substantial.