I’m not pleased anymore than anyone else about the Contact Nominees thing, personally I wouldn’t have dealt with an ex-Director, too messy. Maybe they were running on fumes and later got held them to ransom chasing his $120k? Cash was low early this year. So a bitter ex-director milking it for all its worth is what I see. Who knows, I doubt anyone would voluntarily cough up more to close the agreement than the original deal required.
What about HBSC funds?
Perhaps 1620 participated in the CR? Take your choice, depends on your mind set. The fact they hold their original stake and now have an equally large amount bodes well for sentiment down the track.
Cash flow management certainly could have been done better, no argument from me there.