RE:here's your "true picture"....I actually managed to read all that! And buried in it is some wisdom....so we ought to fire everyone but a bookkeeper and the auditor and do nothing until the iron ore market rebounds.
Now time is quite arbitrary....if you look at the last financials prior to PO's departure, the company had sold approximately $30mln worth of equity whose residual value was $3mln.....a decrease in value of 90%. Or you could look at the share price between Sep 5, 2003 and April 17, 2013 and see a 89% decline....Or Sep 5 - Oct 17 2003 and see a 49% decline.