Seems to be a step in the right direction. 8 million shares at a purchase price of approximately 2c is a significant investment of $160,000.
Add to this Chris Brockwell's purchase of 7.5 million shares earlier this year, Rolland Hill's top up of 2 million shares and BBY's increase. It paints a compelling picture. One would imagine there must be life in this dog if the people closest to the company are prepared to take a significant stake.
Still plenty of risk on this one, have no doubt about that but I get the feeling something is being worked on otherwise why wouldn't the banks call in the loan and why the new blood???
Time will tell...
CXH Price at posting:
2.0¢ Sentiment: None Disclosure: Held
