Yep Oz, question if this is a sell-out by the Board at 1.9c...

Yep Oz, question if this is a sell-out by the Board at 1.9c (38c). Leverage was spot on with his concerns about potential wayward corporate governance and looming sp damage.

The stated use of the funds for "working capital" may indicate a liquidity crisis perhaps caused by a classic case of over-trading forewarned here for >2 years. Candidness by the incumbent management to long suffering shareholders is warranted.

Is the Board planning a management buy-out at a low sp to float at a multiple of the sp down the track?