Ann: Preliminary Final Report, page-21

its not a flaw as you put it, what you suggest is an alternative number on the dice.

but for mine, the timing is everything, right up to this legislative change.
What has pissed off ASX holders for 5 years ? the no div policy.
What is redbrook going to do about it ? just take a directors perk ? heck, why not invest elsewhere, any other stock if thats what they wanted.
Or are redbrook investing where changes afoot, with a director flip, div poilicy, would re-rate this stock spectacularly imo.

If redbrook wanted to make the most of their 20% at 1.3c,  a div policy would see this multiply imo.
You work out what is worth more.  Some director perks ? or having 20% of SBB move from 1.3c to 5c etc.

a flaw ? its a bet. roll the dice.  Director perks vs/ on any other stock isnt going to see their capital multiply.