Humorous, almost unnoticed is the removal of the recently appointed Executives Swatek and Gardenerhttp://www.couriermail.com.au/business/retail-investors-take-up-most-of-cardno-capital-raising-stock-on-offer/news-story/f3444c547763258486a4d2e813c6eac7
Not sure what to make of that but if you look back there is a totally new executive team in place. In itself not surprising when you bring in a new CEO but it looks likes continued instibility. Maybe they didnt see eye to eye. I think it's being set up for sale. Its cheap, debt is now manageable and with a few non core asset sales it would be attractive for a competitor.
Capital Raising, page-110
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