I hope Spinks has a plan but isn't ready to announce it just...

I hope Spinks has a plan but isn't ready to announce it just yet. It could be a tough ask going back to the Top 20 again though rattling the can, especially with the uncertainty around the 2017 R&D refund, remembering that in a recent announcement it was stated that the ATO intended to seek repayment of the refund, which is why I brought up directors taking up a significant stake of any CR, as a show of genuine confidence of the company's prospects.

Digressing from KNL, I agree, AJM shareholders are getting screwed in their current CR. I'm astonished that 6 directors (I'm assuming they're all participating) get a ~$15.5m bite of the CR pie and thousands of ordinary shareholders can get a maximum of $15k each (up to a combined limit of $5m).