Okay I now give in - This really has not been a great experience...

Okay I now give in - This really has not been a great experience and I would be unhappy to invest on the ASX if this is the norm.

It seems to me that no-one is really ever going to challenge anything as the creditors want the cents in the dollar. By the way I saw a creditors list and ass I understand it from the data there is a claim from what I believe is a former directors company for $400,000.

What is fascinating is that the company only employed 11 people outside of the directors yet the administrator refers to the company spending $250K per month more than its income. He also refers to a $7000 credit card bill that had to be offset against the fixed deposit.

Well guys maybe we should have these guys running the government. IMO they seem better at spending money than all the pollies put together 11 chasing 200K thats a very high cost - really this has been my worst evaluation in my entire life. This company has been living the high life IMO much like the pollies and even using deficit spending as a method of choice. The only missing element is the ability to levy taxes.

Personally I have no doubt that whatever happens the next company shall/ will run a much lower expense regime. It is even noted that the level of expenditure was higher until the closure of certain offices.

I have learnt from this or have I not - I have no idea because I have believed many times that management had this under control. I still believe the market is there and the customers are there - The management - well that was what was lacking IMO.

I have a stake - enough at last price to two maccas meals for the family. Well starting this week I am going to forgo that - I need some more insight into how to avoid these blue sky and no feet on the ground type investments.

Yes I am also saying I dont believe shareholders will play any role in the future here.

I would recommend those that lost a lot of money follow what happens and see what unfolds because I believe it will give insight into things we never understood. whether it will help in recovery of the money - who knows I dont hold out much hope.

I wish there was a sentiment for I have been stupid here!