mymillions - over 80% of the loss was accounted for in the HY back on 28//2/13, so there is nothing new for most LT holders in the PFR. Likewise many new investors who came on board this year should have already been aware of most of this.
Back in Feb the new management team was still getting to the bottom of many legacy issues but they did flag most of the damage back then. Make no mistake there was lots of damage.
I think our IMU investment was written down another $700k since Feb and was valued @ $400k in June.
Most here have been pretty patient whilst the company got restructured and we know that sales of the Turbine are due to commence in Q4. The company has just raised $1m @ 4cps & received $500k tax refund so we should be right for cash in the short term.
Whether the SP drifts in the interim or not time will tell.
But like you say there's always other opportunities elsewhere.
CGP Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
