And you bought them - cos they were cheap? Based on what you probably paid, may I suggest that this looks like small money? May I further suggest that you thank our hostess and make your way gracefully and unobtrusively to the door? I once bought an antique carpet on an auction in Dublin. It looked like great value to me - impeccable provenance -a great West Brit family ,it was part of a sale that included some very expensive pieces of furniture and Irish Silver and paintings. It looked to me like all it needed was a good clean. It turned out to be a poor quality rug under the dirt. I complained to the cleaner. "Oh No - holding it in the hope of selling for what you paid for it - it is just a waste of time" was his reply. "Sell it and move on" . I did. At a loss. I apply this principle continuously.
Results should be out in a couple of months, and if they're still racking up losses it's time to exit. I've built a position too - a spec position that I either expect to lose a substantial proportion of, or make a substantial multiple of. This in a 5 year timeframe. the negatives are obvious - it's nearly bankrupt, and has sailed close to insolvency too. The positives include a building cycle that seems to be turning. I was obviously too early... but timing the market is a mugs game.