I have lost a lot on this too, the original management and the repalcement red back guys are both very disappointing. I have written this off and will stay away from them if they pop up again somewhere else. It is worth looking at the past annual reports to see how much these guys are paying themselves. $500k - $900k each, that is so wrong and a blatant money grab that has been going on for years
Ann: Extension of Closing Date of Share Purchase Plan, page-11
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