Ann: Anthony Rivas appointed Managing Director, page-9

Just a guess here from a few minutes of sleuthing...

Rivas was already a director of Lion Finance from 06/07/2017- which is the purchase debt side of CH and primary money maker. This was probably the boards way of testing the water.

Rivas uprooted himself from Vic to move to Qld for CH. Rivas had a rather nice apartment in Melbourne, and it looks like it was rented out around the same time he was appointed director of Lion Finance. The apartment in Melbourne was sold 29/09/2017. I'm not going to pull a title just to see if Rivas was the seller, but I'm reasonably sure he was.

So I have a feeling Rivas didn't have the liquid to invest into CH after moving interstate in any meaningful way to demonstrate loyalty; or he simply had his money tied up in other investments. Also given my previous comments, I couldn't falter the guy on not wanting to go all-in at the time.

It'll be interesting to see what he does during the next window of opportunity.