The shareholder agreement between the 4 major shareholders (one being Capital Health) is likely to be complex, with clauses indemnifying each other for potential claims and losses.
IMO - 3D printing is only a small part of this business and likely not to be part of the business going forward. It is not where the money are - rather, I see this company focusing on holographic projection technology and image management systems using Mach7 solutions.
Agree, Mr Conidi should not have treated Mr Simpson this way - I be surprised if ASIC will be able to do much about this.... Mr Conidi's own lawyers and accountants would have wrapped up the 3D group in accordance with regulations... Taken Mr Conidi's profile and future career into consideration, one would also assume he would have adhered to the The Corporations Act 2001 when taking the helm of any business entities.
According to LinkedIn - Mr Conidi's profile involves the following businesses:
Kibaran Resources Limited
Oz Brewing Limited
Capital Health Limited
3DM Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held