While I love and very much appreciate the analysis and explanations in this thread from the loyal long time followers, it is also an indication that the quarterly was another technical document written for the cognoscenti and had very little in it for the lay punter. it gave little or no indication of where we are at, what to look forward to, good times ahead. It had nothing about corporate stuff such as future partners, off-take agreements etc. The proof of this is that a document that should have been working hard to shore up the dismal sp saw the sp fall even further on the day.
Many of us have been loyal shareholders for many years and yet most of us are well under water at this time. This at a time when all rivals, who started well after us, are worth much more than we. The quarterly was yet another example of how RWD has no idea how to present itself to the market.
Apologists for poor management, can talk about the future and patience but how long is enough? For me six years and they are worth less than half of what I paid for them and I don't see anyone taking responsibility for our poor showing. The sp of are rivals takes away the argument 'it's the market'. At the very least, when we finally get a new CEO (over 2 months and counting with no explanation as to why the last one left and who was responsible for that recruiting debacle) the Chairman should resign in shame.
To answer the inevitable question of 'why am I still holding? Yeah, more fool me. The simple answer is the sp is so low there is no point and if I did unload it could take the sp below 10 cents.
RWD Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
