When exactly did people stop accepting responsibility for their loss-making investments?
Ten was bleeding cash for at least 2 years, and so totally reliant on a debt facility guaranteed by shareholders. You can't lose cash every month and stay in business, and there was 2 years of financial statements showing that was happening. Plus media articles at least every 3 months.
The class action talk is rubbish, in my opinion. The signs were everywhere, which is why EVERYBODY was selling out. The share price chart over 12 months is just a downward sloping line.
Holders gambled that the billionaire troika would save them and were wrong. That's equity investing, folks.
TEN Price at posting:
16.0¢ Sentiment: Hold Disclosure: Not Held
