Does anyone know if our new Chairman Paul D'Sylva has any links to Pattersons or our large creditors?
I'm not sure what other options we had but I'd have thought a credible board would have looked at all available options and possibly taken them to a EGM rather than the one they took.
This dilution kills existing shareholders and rewards new players - doesn't make any sense to me.
Is this why the 3 directors resigned? I know in the case of Schoer & Williams they had considerable shareholdings that are now virtually worthless.
I know Brett Clark was supposed to underwrite the $0.04 capital raise to the tune of $200k but were any shares issues to him? Have $ changed hands?
What about Pattersons, did they take up the shortfall at $0.04? Have $ changed hands?
Cheers,
Snagger
PLV Price at posting:
3.4¢ Sentiment: None Disclosure: Held
