The gain for ALY shareholders comes from the cash being in the...

The gain for ALY shareholders comes from the cash being in the tin vs raising capital with no underwriter in this market.

Corporate governance is all about the perception that directors/management are not seen to use knowledge that is not available to the market at large to gain benefit whether that be from price rises or price falls.

Since you have indicated that LD has been deficient when it comes to governance but are unable or unwilling to show how it has benefited him then you are making allegations that have no substance. What new information was in the qtrly that wasn't already announced to market? How was the selling/placement of the JRL stock off-market in breach of good corporate governance?

He is as straight as they come, 10 years trading in and out of stocks he has been involved with (Gilt Edged, JRL, EME) has shown him to be almost the opposite of what you are implying.

I have taken a small spec position in the last week.