I bought on listing plus the rights issue at 0.25 so can empathise with singed fingers if he did the same as it has been a costly exercise to date.
But as you say you have got to look at what it is today, not back then. There’s a lot of water gone under the bridge, the team and infrastructure are far more developed, debt has been reduced significantly, cash flow will increase and share price is a third of what it was at the time of $0.25 CR.
Who knows, singed fingers could prove to be correct and whilst I’m also not happy with some of the past goings on from management, personally I see this as a recovery story from here and so I choose to stick with it.
(Just my opinion of course and others need to do their own research.)
CM8 Price at posting:
8.3¢ Sentiment: Sell Disclosure: Held