Ouch, the truth must still hurt after all this time.
Actually the share price when AB left was around $0.08, which he rebuilt from a low of around 4 cents by the time he halted the decline that he inherited and had been happening for years before him.
At 8 cents that was real value because there were only 80m shares issued (half of today's), and those share holders still had the whole $13m to build a wealthy company with.
It was the return of capital instigated by LP that decimated the cash and knocked the SP back to 2 cents, where it stayed for almost 2 years. No growth there. Don't ignore the fact that the SP will have to reach 16 cents to be equivalent value for each SH to what AB left.
There was a bump a little while ago that went nowhere because it was based in Torrington's hype, and there is a bump now, on what IMO will prove to be more hype, but agree yet to see if it is anything or not. If so good for the shareholders, but there is no denying that the company exists because of the AB turnaround.
Not sure why that seems so hard for some to bear.
That AB project at PPY you refer to saw their SP increase 10-fold after years at a half cent, so clearly another successful turnaround.
TTW Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
