Yeah you make valid points, you just happen to be looking at it in a different light to what I am. Who knows, you could well be right. But that's the thing with investing in shares we don't know with 100% certainty what is going on behind SXY's doors do we? ID could have been working hard and could just be about to deliver a strategy that you and everyone else will be over the moon about or he could have been sitting there twiddling his thumbs while watching his paycheck roll in.
Yes, he's a bit late delivering the finance which was originally due in March and should help move us ahead, but sometimes there are hold ups that are beyond control. I guess I'm going to give the benefit of the doubt that a desirable outcome is not far away. He's managed the company well in the past, so my money is on him to manage it well in the future too.
I get that he's currently not meeting your expectations though and your patience is wearing thin.
I don't know what the best solution is right this minute, but that's what ID is paid for. I hope he's onto it and if he's not I'll join you in your camp soon enough. Time will tell.
SXY Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held