<p>it also concerns me somewhat that the new operator has a vested interest in seeing these pubs trade on otherwise he/they don&#39;t get anything out of it. For shareholders there needs to be a choice on the table - either roll the dice again or cash out and cut one&#39;s losses. The new board have a tough job aligning interests here but further investment (potentially good money after bad) cannot be the only option presented. Plus it may be right for some pubs but not others.</p>