I've been a shareholder in this company and its predecessor for over 10 years now and have seen the shareprice go from my (predecessor) purchase price of 16 cents to 29 cents in the early 2000's and dwindle down to present value of bugger-all.
We have to remember before Somerton, we had a bonus issue of 1 share for every two shares at one stage, and then when Somerton took over, the holding was converted to 1 share for ever 30 shares held.
Now with COE, we get 1 share for each 2.8 or thereabouts. If it keeps going this way, I'll end up with no shares!!
Are we going to be any better off under the management of COE and accept their offer, or hang out for something better??
Sorry, but I'm an optimist and have been hoping for that elusive discovery if / when it happens.
SNE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
