Don't be so naive, whether he sold his own personal shares or raised money in ABS by selling shares and paid himself a huge salary he extracted the money from ABS. He was sepnding like he believed his own press he was never worth $300M only on paper.
That money should never have been taken out of ABS it was excessive it belonged to the shareholders.
He was very tricky with the accounts, the intangibles, AEU, and noone outside the company had access to the details of the financial engineering that went on so don't go on and on about it just being normal risks of investing.
Eddy doesn't get to lose 90% of peoples money and survive. People trusted him and he spent their money on toys for himself. He has to go NOW.
Tall poppy rubbish, just an incompetent loser.
ABS is a buy now only because others have paid for the assets. The SP will only recover when Eddy gets the bullet.
ABS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
