Quote Originally Posted by carrom74 View Post
Chris Scott paid 64c for a 19% stake per share and this was just last year... Now he has "promised to absorb all his entitlements" makes me wonder whether he is desperate to take over the company or basically he has no choice... but as Silverblizzard rightly put it... 8 cents is terrible dilution and ridiculous... its HIGH risk territory now.
Well I'm sure he was forced into a corner, but he can see the big picture, he has used his connections to put together an acquisition deal and if that guy can work his magic then this company can comeback stronger. I won't be surprised if all focus on expansion is in Australia now. If Chris Scott is willing to take the hit then I guess we will have hope. After putting in $20 million AUD intially, hes putting in $12 million NZD more now, nothing going to make him work harder to earn back his money.