"I asked Mr Joyce and he said all was fine". Were you sitting on his lap when he told you that fairy tale. Anyone that owns a share of Dixon stock deserves the loss he/she will receive. At least you can write part of it off. Would love to know how many shares Pala/Joyce own and at what cost, so we would know that they really are sharing the "pain" with the shareholders. Why aren't they taking a pay cut? They treat Dixon like their own "fiefdom".